What’s stopping your organization from tapping into the rapidly growing GCC ecosystem?
India remains the global epicenter of Global Capability Centers (GCCs), and two states, Karnataka and Andhra Pradesh are rolling out the red carpet for MNCs. Their new policies for 2024-2029 are bold, future-ready, and aimed at making these regions irresistible for global enterprises looking to scale innovation, reduce costs, and access world-class talent.
But which state aligns with your organization’s vision?
What’s Missing in the Policies and How MNCs Can Bridge the Gap
Karnataka as the Innovation Giant
The gap: Karnataka’s reliance on Bengaluru as its primary GCC hub poses risks of congestion, rising costs, and over-saturation. While its “Beyond Bengaluru” initiative is promising, it can do with clearer execution plans.
What MNCs can do:
- Expand operations to secondary cities like Mysuru and Mangaluru to reduce costs while retaining access to skilled talent.
- Tap into Karnataka’s Centers of Excellence for R&D in AI, IoT, and robotics. Collaborative R&D projects with these CoEs could help MNCs fast-track product development and innovation.
- Advocate for better regulatory frameworks to facilitate hybrid/remote work models, which are increasingly critical post-pandemic.
Andhra Pradesh as the Emerging Challenger
The gap: Andhra Pradesh’s over-reliance on Visakhapatnam limits its potential as a broader GCC destination. Additionally, talent retention remains a challenge, with skilled workers often migrating to larger metros.
What MNCs can do:
- Invest in developing Vizag into a global innovation hub while lobbying for similar infrastructure in cities like Vijayawada.
- Build partnerships with Andhra’s educational institutions to upskill talent and create bespoke leadership pipelines.
- Leverage the state’s incentives to create hybrid and remote work setups, tapping into local talent across the state without the need for centralized offices.
Strategic Recommendations for MNC Leaders
1. Think Beyond the Obvious
Bengaluru and Vizag might grab headlines, but the real opportunities lie in emerging hubs like Mysuru, Vijayawada, and Tumakuru. These cities offer affordable operations, fresh talent pools, and government-backed incentives.
2. Collaborate with Local Institutions
Whether it’s Karnataka’s IISc or Andhra Pradesh’s IITs and IIITs, building academic partnerships can provide a steady stream of skilled professionals tailored to your GCC’s needs.
3. Leverage Innovation Hubs
Karnataka’s Centers of Excellence and Andhra Pradesh’s Ratan Tata Innovation Hub are ripe for partnerships. These platforms can help MNCs co-create solutions, drive digital transformation, and solidify their presence as global innovators.
4. Prioritize Talent Branding
Both states are competing for the best talent, and your employer brand can play a decisive role. Highlight your GCC’s focus on innovation, hybrid work culture, and opportunities for career growth to attract top-tier professionals.
5. Advocate for Policy Refinements
Engage with state governments to shape future policies. Focus areas could include simplifying regulatory frameworks, expanding secondary hubs, and offering greater incentives for hybrid work adoption.
Your Next Move
The Karnataka and Andhra Pradesh GCC policies are more than just plans on paper, they’re roadmaps to transform India into a global innovation powerhouse. But success depends on how well MNC leaders leverage these opportunities.
So, what’s your strategy?
Will you build the next great innovation hub?
Looking for partners (micro GCCs or mega) who can help you align your vision with these policies and benefit from these policies?
Keen to build your state’s or city’s GCC policy?
Reach out, and let’s have a chat.
Keen to amplify your GCC’s employee communications and branding? Book a call today: https://topmate.io/aniisu
Missed earlier articles?
Look them up here:
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