New Delhi, Sept. 18 -- The central government is committed to partnering with states in creating the right ecosystem for multinational corporations to set up their captive units in India, known as global capability centres (GCCs), and to enable smaller cities to compete with metros in this regard, finance minister Nirmala Sitharaman said on Wednesday. Speaking at the Confederation of Indian Industry (CII)'s GCC business summit in Andhra Pradesh, Sitharaman said that in order to maximise India's advantage for these units that contribute to technology development tapping into India's skilled workforce, it is critical to align national and state-level policies. The policies also need to be adapted so that each state builds on its unique comparative advantage, the minister said. GCCs are captive offshore units set up by multilateral corporations in countries such as India to handle key business functions, including technology development, for their global operations. On India's potential in this sector, Sitharaman said GCCs have acquired an Indian flavour and the sector's growth has been consistent with expectations.htc...