Union Budget 2025: Arvind Srinivasan on Empowering GCCs and Workforce Development

Arvind Srinivasan, Chief Financial Officer, Thryve Digital LLP

”We welcome the government’s recognition of the vital role Global Capability Centres (GCCs) play in strengthening India’s economy. The introduction of a national framework to guide states in promoting GCCs—especially in emerging Tier 2 cities—is a significant step toward creating a more uniform and business-friendly ecosystem. By addressing key aspects like talent availability, infrastructure, and regulatory reforms, this initiative paves the way for sustained GCC growth across the country.

The government’s commitment to expanding skilling through five National Centres of Excellence, in collaboration with global expertise, further complements this effort. Ensuring industry-aligned curriculum design, robust skills certification frameworks, and periodic evaluations will be essential in bridging the talent gap and reinforcing India’s position as a global hub for digital transformation.

Importantly, this also eases the variations in different state government policies, notably the GCC-specific policies by Karnataka and measures by Tamil Nadu. This cohesive approach facilitates equitable investment and employment opportunities across India. At Thryve, we look forward to actively contributing to this evolving landscape, strengthening India’s GCC ecosystem, and empowering the workforce of tomorrow.”