Nano, micro GCCs grow at 20% as MNCs focus on R&D

Nano or micro global capability centres (GCCs) are growing at 15-20% annually as innovation and research and development (R&D) take centre stage for several multinationals setting up offshore centres in India.

Such smaller GCCs now account for about a fourth of the mid-market GCCs, including private equity (PE)-backed centres with teams of fewer than 50 employees, according to data shared by ANSR, an Accenture-backed GCC enabler and consultancy firm. As of June, the share of nano GCCs stood at about 200 out of 800 GCCs of mid-sized companies.