Why Colombo could be India’s next global capability hub
The article explores the potential for Colombo, Sri Lanka, to emerge as a specialized hub for 'Nano GCCs' that complement India's existing Global Capability Centres. It argues that these smaller, high-skill operations benefit from geographic proximity and a favorable regulatory environment rather than competing with Indian tech hubs.
Why it matters
This highlights a shift in regional economic strategy where Indian firms are diversifying operations to maintain resilience and specialized talent access.
India has become the world’s largest destination for Global Capability Centres (GCCs), housing approximately 2,177 centres employing over two million professionals. The next phase of this success, however, may not be contained within the country’s borders.
India’s commercial real estate market is experiencing phenomenal growth, and its momentum has started spilling over into neighbouring countries such as Sri Lanka. As major investment destinations mature, it is natural that they begin to reshape the economic geography of their surrounding regions. Companies that establish large operations eventually seek complementary locations for specialised functions, business continuity, and R&D. Rather than diminishing the primary market, these secondary hubs strengthen it.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in