New Delhi, Sept. 16 -- Around 50 per cent of new Global Capability Centres (GCCs) coming up globally are being set up in India because of its ideal location, Vikas Gaba, Partner and National Head - Power and Utilities at KPMG India, said on Tuesday.

The role of GCCs is increasingly critical, shifting from being mere cost centres to hubs of innovation and transformation; India is emerging as a significant base for GCCs due to its ideal location, large talent pools, and cost advantages, Gaba told ANI on the sidelines of the Global Energy Conclave - #ENRich2025 organised by KPMG India. The Conclave is now in its 16th edition.

"Earlier perceived as just cost centres, back-end cost centres are now increasingly becoming hubs of transformation...