New Delhi, July 9 (IANS) Global capability centres (GCCs) have transformed from back-office support units into hubs for research, design and innovation, making them a key pillar of India’s economy and an important contributor to the vision of Viksit Bharat, Ajoy Sharma, Additional Secretary and Director General (Employment), Ministry of Labour and Employment said on Thursday.

Speaking in the national capital, Sharma said GCCs have witnessed tremendous growth over the years and are now undertaking high-value activities such as research and design, moving significantly up the value chain.

“The GCC is a very important pillar of our economy, and as we have seen, GCCs have grown tremendously. This is a time when a great transformation is taking place. Earlier, GCCs were thought of as entities doing back-office work cost-effectively, but that has changed significantly. They are now undertaking research and design work, which is much higher up the value chain,” Sharma told.

He said the sector has become an important pillar of the Indian economy at a time when the country is undergoing a major economic transformation.

Referring to Prime Minister Narendra Modi’s vision of Viksit Bharat, Sharma said the government, industry and other stakeholders are collectively working towards achieving the goal of making India a developed nation.

“If I look at the GCC sector, Prime Minister Modi’s vision of Viksit Bharat is something that not only the government but also the industry and everyone else is working towards. It is something that everyone is focusing on,” he stated.

He added that achieving the Viksit Bharat objective requires a whole-of-government approach, with every ministry working together in coordination.

Sharma said the responsibility does not rest with the government alone, but also requires active participation from industry and all stakeholders to drive India’s long-term development agenda.

“Everyone has to work. As I said clearly, it’s not only the government. In achieving the vision of Viksit Bharat, every ministry is working hand in hand, and it is a whole-of-government approach, whatever project we take up,” he mentioned.

–IANS

pk