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Time of India
2 days ago
- Business
- Time of India
Deloitte India and Embark form a strategic alliance to offer end-to-end solutions for GCC
As India continues to consolidate its position as a global hub for digital infrastructure, the role of Global Capability Centres (GCCs) is becoming increasingly central to the country's economic narrative. Economic contribution from GCCs has risen exponentially from US$19 billion in 2015 to over US$68 billion today. These GCCs are pivotal and evolving from cost centres to strategic value creators. Every 1 in 3 Fortune 500 companies has a GCC in India, representing India's dominant market share in the larger GCC segment. A dynamic trend is the rise of mid-market companies tapping into India for capability development. Per industry estimates in 2024, 480 GCCs, accounting for 27 percent of India's total GCC numbers, are operated by mid-sized enterprises. India is no longer just a destination for large Multinational Corporations (MNCs). Mid-market firms, emerging globalisers, regional powerhouses and single-country enterprises now represent the next growth wave of the GCC movement. To support this shift, Deloitte India has entered into a strategic alliance with Embark, an integrated GCC platform, to offer end-to-end support to global firms building and scaling their GCCs in India, covering strategy, operations, infrastructure and governance. Under the Deloitte–Embark alliance, organisations will receive end-to-end support across the GCC lifecycle, from vision and strategy to seamless setup and execution. This includes strategic advisory on GCC operating model and value case design, location strategy, legal entity setup, tax and compliance advisory, one-stop facility setup solution, ongoing GCC operational support across facility, talent, payroll, finance, procurement, risk and compliance. This will ensure a smooth launch and scalable growth for global enterprises. This alliance represents a strategic investment in India's potential to lead the next phase of global service delivery. By offering organisations a one-stop solution, Deloitte India and Embark aim to simplify complexity, reduce risk and accelerate outcomes for companies entering or expanding in India. As global enterprises re-evaluate their operating models amid macroeconomic uncertainties and digital disruption, the demand for integrated, execution-focused platforms is rising. This alliance will meet this need by combining Deloitte's strategic advisory and transformation capabilities with Embark's proven on-ground execution to help organisations establish, scale and future-proof their GCCs in India. Regarding the collaboration, Romal Shetty, Chief Executive Officer of Deloitte South Asia, said, '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. This alliance between Deloitte India's GCC advisory and Embark's on-ground execution offers a seamless, end-to-end solution that showcases the true 'art of the possible' where complementary strengths converge. Together, we are enabling global enterprises to land their GCCs and eventually scale from India for the world.' Deepak Mowdhgalya, Partner, Deloitte India, added, '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.' Aravind Maiya, Co-founder & CEO of Embark, said, 'We are delighted to partner with Deloitte India to offer a first-of-its-kind, integrated GCC solution in India. Our combined strengths will enable global companies to seamlessly enter and scale in the Indian market, using world-class infrastructure.' As India continues to position itself as a cornerstone of the global digital economy, such alliances will play a key role in catalysing growth, enabling job creation and expanding the footprint of high-value, innovation-led services across the country.
Economic Times
3 days ago
- Business
- Economic Times
Deloitte India, Embark forge strategic alliance to power next wave of global capability centres
Synopsis 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 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 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.
Trade Arabia
22-04-2025
- Business
- Trade Arabia
Event tech adoption to rise as more events are planned in 2025
Cvent, a leading provider of meetings, events, and hospitality technology, has released the Cvent Event Industry Report 2025 Middle East Edition. The report highlights the increasing demand for event planning across various formats, with a 63 per cent increase projected for in-person events, webinars, virtual events, and hybrid events. The Middle East market is expected to see a positive outlook, with 70 per cent of event professionals planning to increase spending on events. The report also highlights the willingness of organisations to invest in event technology if additional funds are allocated. The Middle East event industry is prioritising experiential events, with 47 per cent of respondents citing enhancing event experiences as a primary factor driving the increase in event budgets. The top factors to choose Event Management Technology include brand reliability, ease of use, and all-in-one platforms. ArtificiaI Intelligence (AI) is increasingly used by 80 per cent of organisations for event planning, design, management, and marketing. The report also highlights the industry's commitment to sustainability and accessibility, with 86 per cent of respondents claiming a sustainability target for their events this year and 77 per cent willing to track event/attendee carbon footprint. This collective responsibility and consideration are shaping the future of events positively. Gokul Bajaj, AVP of Sales & General Manager, Dubai, stated 'This region is a hotspot for world-class events attracting tens of thousands of attendees both in-person and virtually each year. Event professionals are increasingly focused on creating immersive and exclusive experiences to boost ROE (Return on Experience) and utilising event tech for better ROI (Return on Investment). While data security remains a key challenge in this region, there is a promising opportunity to develop a more reliable event technology platform with advanced security features to protect sensitive data and ensure a smooth, secure experience for all attendees. Additionally, integrating eco-friendly practices into event designs is becoming a vital competitive edge. Embracing these trends is essential for staying ahead in this dynamic market.'
