India hosts 1,600+ GCCs employing 1.7M+ professionals. Here's why global companies are scaling their India capability centers.
Accountify Editorial Desk
Finance Expert
India is home to 1,600+ Global Capability Centers (formerly captive centers) across IT, finance, engineering, and analytics — more than any other country.
Most GCCs are set up as wholly-owned subsidiaries (100% FDI under automatic route). Key cities: Bangalore, Hyderabad, Pune, Chennai, and emerging hubs like Coimbatore and Ahmedabad.
Transfer pricing documentation is critical for intercompany transactions. Annual FEMA compliance, GST on services, and employment taxes need ongoing management.
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