A COLLOQUIUM ON:

“RISE OF GLOBAL CAPABILITY CENTRES (GCCs) AS DRIVERS OF GLOBAL INNOVATION and R&D ECOSYSTEM”

In the early stages, large corporates & MNCs established off-shore centres primarily to capitalise on labour cost differentials. The focus was on routine, transactional tasks that could be performed at a fraction of the cost compared to developed markets.

In recent years, Global Capability Centers (GCCs) have evolved far beyond their traditional back office support functions to become strategic pillars or rather “digital twins” driving innovation-led transformation within global enterprises.

The post-pandemic world necessitated the rapid rise of unprecedented technological advancements. Global business dynamics have greatly shifted the focus towards innovation-led products & processes to remain relevant and maintain a competitive edge.

Here comes the role of India. With the influx of GCCs being set up by Large MNCs and Mid-sized aspirational organizations, India emerged as one of the most distinctive contributors to the much-needed concept of ‘frugal innovation’—creating high-impact solutions at lower costs. These innovations, often developed for emerging markets, are now being scaled globally to address cost-efficiency and resource optimization in developed economies.

The R&D initiatives and innovations from India’s GCCs demonstrate the country’s pivotal role in shaping the future of global businesses. MNCs that invest in R&D centres in India are benefitting from a vibrant innovative ecosystem, leading to transformative technological advancements and significant competitive advantages.

The synergy between India’s talent pool, government policies, startup ecosystem and academic institutions ensures that MNCs are well-positioned to drive future innovation from the heart of India.

With the rapid rise of automation, deep-tech and evolving business landscape, GCCs have emerged as prerequisites rather than a luxury, while reshaping the innovation ecosystems of not only MNCs but Mid-sized corporates as well, looking to scale past their thresholds and influence global markets.

OBJECTIVE:

This exclusive roundtable colloquium aims to bring together a distinguished group of leaders and experts to explore the expanding role of GCCs in driving global innovation. We will delve into how these centres are evolving, the key trends shaping their future and increasing their influence in fostering synergies between technology, talent & innovation at a global scale.

FOCUS AREAS:

• Innovation as a Core Competency of GCCs
• The Role of GCCs in Building R&D Ecosystems
• Rising Synergy between Industry and Academia
• GCCs – Key Challenges and Opportunities

PANELLISTS:

The colloquium will feature an elite panel of industry leaders, government representatives, subject matter experts from academia, association heads, and foreign delegates, each bringing unique perspectives & insights on how GCCs in India are shaping the global innovation ecosystem.