India has emerged as the undisputed global hub for Global Capability Centres (GCCs), hosting over 55 per cent of such facilities worldwide, yet these innovation engines must navigate a staggering regulatory maze of more than 500 distinct legal obligations and over 2,000 annual filings across central, state, and local levels.
TeamLease RegTech, in a study titled ‘GCCs in India: Cultivating Capability, Ensuring Compliance’, noted that despite their rapid expansion and contribution of over USD 64.6 billion in export revenue, GCCs operate within one of the most extensive compliance frameworks governing any enterprise ecosystem.
“The compliance requirements for a typical GCC establishment can be classified across seven categories. Each of these categories contains several laws, rules and regulations with varying degrees of applicability depending on the establishment’s size, nature and operations.
“A GCC registered under a Special Economic Zone in Karnataka with a 1,000-seating capacity​India has emerged as the undisputed global hub for Global Capability Centres (GCCs), hosting over 55 per cent of such facilities worldwide, yet these innovation engines must navigate a staggering regulatory maze of more than 500 distinct legal obligations and over 2,000 annual filings across central, state, and local levels.
TeamLease RegTech, in a study titled ‘GCCs in India: Cultivating Capability, Ensuring Compliance’, noted that despite their rapid expansion and contribution of over USD 64.6 billion in export revenue, GCCs operate within one of the most extensive compliance frameworks governing any enterprise ecosystem.
“The compliance requirements for a typical GCC establishment can be classified across seven categories. Each of these categories contains several laws, rules and regulations with varying degrees of applicability depending on the establishment’s size, nature and operations.
“A GCC registered under a Special Economic Zone in Karnataka with a 1,000-seating capacity ​Latest News [ SOBAN NEWS: International and National ]
