Finance Minister Nirmala Sitharaman on Thursday said India aspires to become a "strategic leader" in hosting global capability centres (GCCs) of MNCs and become indispensable to the world's knowledge economy.
Addressing the CII GCC Business Summit 2026, Sitharaman said from one new GCC being set up every week in 2024, India, on an average, now sees one such addition every day, making the country host to more than half of the world's GCCs.
Stressing that India's GCC ecosystem has reached a point where scale is no longer the only measurement of success, she said the focus is now on enabling global enterprises to develop next-generation products, frontier technologies and shape enterprise strategy from the country.
India possesses "every ingredient" required to lead this transformation, she said.
"Our aspiration is not merely to host the world's capability centre or centres, but to shape next-generation technologies and products and enterprises of the future.
