The emergence of Nano Global Capability Centres (GCCs) in India is transforming the outsourcing and offshoring landscape, particularly in tier 2 and tier 3 cities. These GCCs are more adaptable and innovation-driven, focusing on niche services, specialized tasks, and innovation-driven projects. For instance, Metso Outotec, a global leader in sustainable technology and services, recently inaugurated a new engineering centre in Vadodara, Gujarat, and plans to employ over 250 specialists in various functions and capabilities. This is just one example of the growing trend of GCCs in tier 2 and tier 3 cities, which are projected to grow by 15-20% by 2025.
The rise of these Nano GCCs can be attributed to the abundant talent pool available in tier 2 and tier 3 cities, with a growing number of educational institutions producing graduates in engineering, IT, and business disciplines. Additionally, the strategic shift towards these cities is supported by government initiatives to promote equitable growth and incentivize GCCs to set up operations in these areas.
This trend is not only beneficial for companies looking to tap into new talent pools but also for the development of these cities as growth engines. As GCCs continue to expand and thrive in tier 2 and tier 3 cities, it is expected to bring about economic growth and development in these areas, replicating the success of major metropolitan cities like Bengaluru.
In conclusion, the emergence of Nano GCCs in India marks a transformative shift in the outsourcing and offshoring landscape, driven by the availability of talent and government support. As these GCCs continue to grow and expand, they are expected to bring about economic growth and development in tier 2 and tier 3 cities, making them the new hubs for innovation and technology.
