Deloitte India, Embark forge strategic alliance to power next wave of global capability centres
Deloitte India and Embark have formed a strategic alliance to provide comprehensive solutions for Global Capability Centres (GCCs) in India. This partnership aims to assist global enterprises in establishing and expanding their GCCs by offering services encompassing strategy, operations, infrastructure, and governance.
In a move that underscores India's growing stature as the nerve centre of global enterprise transformation, Deloitte India and Embark — an integrated platform by Embassy Group — have entered into a strategic alliance to offer end-to-end solutions for Global Capability Centres (GCCs). The partnership aims to support global enterprises in building and scaling their GCCs in India through a comprehensive suite of services spanning strategy, operations, infrastructure, and governance.With over 1,800 GCCs currently operating in India — and projections ranging between 2,400 and 5,000 by 203, the alliance is looking to tap into growth. India's GCC sector has already seen economic contribution soar from $ 19 billion in 2015 to over $ 68 billion in 2024, reflecting a significant shift from cost arbitrage to strategic value creation. Today, one in three Fortune 500 companies has a GCC in India, and increasingly, mid-market firms are emerging as key players. In fact, 27% of the country's GCCs now belong to mid-sized enterprises, according to industry estimates.
' We are beginning to see significant shift in global enterprises' drivers for setting up a GCC. What started as pure capacity models for enterprise support functions are now moving towards becoming cognitive command centres housing emerging tech capabilities such as ArtificiaI Intelligence (AI), Engineering and Research & Development (ER&D) and other digital capabilities. Carrying an achievable vision of 5000 GCCs in the next five years, this sector is poised to generate US$150–US$200 billion in direct economic impact tapping talent beyond metros,' said Romal Shetty, Chief Executive Officer of Deloitte South Asia.The Deloitte–Embark collaboration is designed to guide organisations across the entire GCC lifecycle — from vision and business case to legal entity setup, tax structuring, infrastructure, talent acquisition, and ongoing operations. Deloitte will bring deep transformation and advisory capabilities, while Embark, backed by Embassy Group's real estate and business ecosystem, will serve as the execution arm on the ground.' What we are seeing today is not just the growth of GCCs, but a fundamental shift in how global organisations view India as a strategic hub for innovation, beyond mere execution. Yet, many companies struggle to convert vision into reality due to a lack of a trusted advisor-led support system. This alliance with Embark is designed to solve that challenge. By bringing together complementary strengths under one roof, we enable enterprises to move from intent to impact faster, with greater confidence, proven ability and long-term scalability,' said Deepak Mowdhgalya, Partner, Deloitte India.
As India cements its leadership in the global services value chain, the Deloitte–Embark alliance positions itself as a key enabler of the country's next growth frontier — turning GCCs into true engines of innovation, resilience, and enterprise agility.'Our combined strengths will enable global companies to seamlessly enter and scale in the Indian market, using world-class infrastructure,' said Aravind Maiya, Co-founder & CEO of Embark. Embark offers a one-stop platform for GCC setup, and is part of Embassy Group's broader ecosystem, which spans over 54 million sq. ft. of commercial real estate, 45 million sq. ft. of residential projects, and extensive capabilities across managed workspaces, hospitality, and education infrastructure. With Embark, Embassy aims to deliver a frictionless landing zone for global firms looking to tap into India's skilled talent and innovation ecosystem.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
No trade talks till tariff issue resolved: Trump
There was suspense over the fate of the India-US trade negotiations after American President Donald Trump said that there would be no talks till the tariff issue is resolved. "No, not until we get it resolved," Trump said on Thursday while responding to a query on whether he expected more trade negotiations with India. A team of US negotiators is scheduled to reach Delhi on Aug 24 to hold talks in what, by all indications, is going to be a tough salvage job. But India was not ready to slam the door shut on a possible rapprochement yet. On Friday evening, commerce and industry minister Piyush Goyal listed the US among countries with which India was negotiating trade treaties. He, however, did not elaborate on the talks. tnn MoD denies report of Rajnath cancelling US trip But the temperature has soared since last week after US President Donald Trump announced a 25% tariff on India and then doubled it as "penalty" for India's arms and oil imports from Russia, although his administration has been cosying up to Moscow and talks with President Vladimir Putin are likely over the next few weeks. India has also hit back at the US, with PM Modi asserting that there will be no compromise on the interests of farmers, fisherfolk and dairy farmers. Concessions for agriculture and dairy were among key items on which India had drawn the red line during five rounds of discussions with the US. With tariff tensions continuing to rise, speculation, triggered by a news agency that defence minister Rajnath Singh had cancelled his US trip and some of the defence deals were being reassessed, gained virality. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Here's What a Dental Implant Might Cost You in 2025 (See Price List) Dental Implants | Search Ads Read More Undo It furiously did the rounds until the ministry of defence stepped in with a denial. During Trump's first presidency, too, India and the US had begun discussions for a mini trade deal, but it was abandoned midway due to serious differences over retaliatory tariffs. This time, Trump has been weaponising tariffs against countries and settling for deals which impose at least 10% additional duty on each country, while getting contracts for American companies and claiming market access for goods. While India and the US began talks in March for a trade deal by fall (Sept/Oct), Trump went ahead and announced "reciprocal tariffs" in April and sought to get countries to the negotiating table. With govt rebutting his claims that it agreed to suspend Operation Sindoor on the promise of a trade deal, Trump is seen to have brought Russian oil and defence purchases into the picture.
Time of India
an hour ago
- Time of India
Niti withdraws paper on GM crops import from US, signals govt stand
NEW DELHI: The Niti Aayog's recent withdrawal of its working paper, which had suggested opening up import of genetically modified (GM) soybean and corn from the US, has given a peek into India's red-line on transgenic food items. Though the US, during its trade negotiations with India, considered the stand as one of the non-tariff trade barriers, India preferred not to open up its market for GM food items over biosafety concerns, notwithstanding its primary think tank arguing in favour of import of transgenic soybean and corn without harming domestic production. The working paper on 'promoting India-US agricultural trade under the new US trade regime', released in May, had suggested that GM corn may be imported for ethanol blending and its by-products, like Distiller's Dried Grains with Solubles. "US corn is cheaper and can be used to meet India's biofuel targets without disrupting local food and feed markets," said the authors - Raka Saxena and Ramesh Chand - of the working paper. Chand is member, Niti Aayog, while Saxena is senior adviser at the think tank. Although the paper used a disclaimer terming the content as personal views of authors, its recent withdrawal from the think tank's website reflects govt's thinking on the issue of GM products. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like These Are The Most Beautiful Women In The World Undo India currently allows commercial cultivation of only transgenic cotton, a non-food farm item. Govt's stand is in sync with RSS-affiliate Swadeshi Jagaran Manch's opposition to the cultivation and import of GM farm products. In its opposition to transgenic food items, the SJM has even joined hands with several left-leaning farm groups in the past. The working paper had pitched for a "dual-track" approach while negotiating the trade deal on agricultural items with the US and appeared keen on opening the country's market to specific non-sensitive imports of farm products that do not face direct competition from local producers, such as almonds, pistachios, and walnuts. India has maintained a surplus in agriculture trade with the US and it has increased over time. India's agricultural exports to the US grew nearly fivefold between 2004 and 2024, from $1.18 billion to $5.75 billion, while imports however, grew faster - from $291 million in 2004 to $2,218 million in 2024.
Hindustan Times
an hour ago
- Hindustan Times
India remains crucial partner: US State Department
India remains a key strategic partner for the United States, the US State Department emphasised on Thursday amid mounting tensions between New Delhi and Washington. The department's principal deputy spokesperson Tommy Pigott told reporters that America would pursue a 'full and frank' dialogue with India. The US State Department's principal deputy spokesperson Tommy Pigott told reporters that America would pursue a 'full and frank' dialogue with India. (AFP) 'What I can say in terms of India is that the President (Donald Trump) has been very clear in terms of the concerns he has regarding the trade imbalance, regarding the concerns he has when it comes to the (Indian) purchase of Russian oil. You have seen him take action directly on that,' Pigott said at a press briefing in response to a question about Prime Minister Modi's reported upcoming visit to China for a summit of the Shanghai Cooperation Organisation (SCO). 'India is a strategic partner with whom we engage in a full and frank dialogue. That will continue and Secretary Rubio has spoken on that. Like anything in foreign policy, you are not going to align 100% of the time on everything,' Pigott added. Pigott's statements come as a shift in tone even as India-US tensions rise over Indian purchases of Russian energy and Trump's decision to levy a 50% tariff on India. India has pushed back at President Trump's tariff levies, terming them 'unfair, unreasonable and unjustified'. India's ministry of external affairs also took aim at US and European purchases of energy, chemicals and fertilisers from Russia as evidence of a double standard. Tensions with America have also sparked a flurry of diplomatic activity. On Thursday, Prime Minister Narendra Modi spoke with President Lula of Brazil, and on Friday, with President Vladimir Putin of Russia. Both India and Brazil face a 50% tariff from the United States and the two leaders have had increasingly strained relations with US President Donald Trump. They agreed to strengthen the strategic partnership between the two countries. On a visit to Moscow, National Security Adviser Ajit Doval stated that India and Russia were finalising dates for Putin's visit to India, and on Friday, Modi said in a post on X that he looks forward 'to hosting President Putin in India later this year'. And China issued a statement welcoming Prime Minister Modi for the upcoming Shanghai Cooperation Organisation summit to be held in Tianjin at the end of this month. 'China welcomes Prime Minister Modi to China for the SCO Tianjin Summit. We believe that with the concerted effort of all parties, the Tianjin summit will be a gathering of solidarity, friendship and fruitful results, and the SCO will enter a new stage of high-quality development featuring greater solidarity, coordination, dynamism and productiveness,' said Foreign Ministry spokesperson Guo Jiakun. HT earlier reported that the bureaucracies in New Delhi and Washington are attempting to steady the relationship, with talks ongoing for high-level energy, financial and diplomatic. cooperation continuing. Contacts between the Indian government and their American counterparts have remained relatively unaffected by political tensions.
