Print

India set to become ‘GCC Capital of the World’

India is poised to become the ‘GCC Capital of the World,’ with 1,700 global capability centres (GCCs) employing over two million people — a figure expected to grow significantly by 2030, the government announced on Thursday.

GCCs are at the forefront of adopting emerging technologies, including artificial intelligence, data analytics, robotic process automation, digital commerce, cybersecurity, blockchain, augmented reality, and virtual reality.

Union Minister of Labour and Employment Dr Mansukh Mandaviya emphasized the importance of skill development in bridging education and employment.

“By fostering innovation, enhancing productivity, and preparing individuals for the workforce, we are creating jobs and building a global talent hub,” he said, highlighting India’s potential to address global workforce shortages through initiatives like the ‘Mutual Recognition of Skills and Standards.’

Dr Mandaviya also underscored the need for industry-academia collaboration, saying, “We can create a skilling model tailored to India’s unique needs. Skilling should go beyond certificates and focus on equipping individuals with practical expertise to meet the dynamic demands of the industry and self-employment sectors.”

Speaking at an event organized by the Ministry of Labour and Employment in collaboration with the Confederation of Indian Industry (CII) in New Delhi, Sumita Dawra, Secretary, Ministry of Labour and Employment, outlined key challenges in preparing a future-ready workforce.

“How do we develop a digitally proficient workforce equipped to navigate an increasingly tech-driven job market? What strategies can we employ to build an inclusive workforce, where diversity is valued, and equal opportunities are ensured? Furthermore, as industries prioritize environmental sustainability, how can we integrate eco-friendly practices and values into our workforce culture?” she asked.

Dawra also highlighted the importance of a skilled and adaptable workforce in attracting investments in key sectors such as healthcare, manufacturing, logistics, and green jobs.

“Strengthening labour-intensive industries ensures equitable opportunities for diverse demographics, including those with limited access to advanced education,” she added.

(Inputs from IANS)

RELATED ARTICLES

2 hours ago | Fairfax Financial Holdings

Cabinet approves Rs 52,878 crore sale of 60.72% stake in IDBI Bank to Fairfax entity

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved Canada-based Fairfax Financial Holdings Ltd. as the strategic buyer for a 60.72% stake in IDBI Bank for approximately ₹52,878.08 crore. The transaction comprises the sale of a ...

2 hours ago | Annual Meetings

Nirmala Sitharaman to Attend IMF-World Bank Annual Meetings in Bangkok

Union Finance and Corporate Affairs Minister Nirmala Sitharaman will visit Bangkok, Thailand, from October 14 to 18 to participate in the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, along with meetings of G20 an...

2 hours ago | Benchmark equity indices ended lower

Sensex falls, Nifty slips below 22,650 as pharma, healthcare stocks drag

Benchmark equity indices ended lower on Wednesday, weighed down by losses in pharma and healthcare stocks, even as gains in information technology shares limited the decline. The Sensex declined 251.89 points, or 0.34 per cent, to close at 72,781.8...