How GCCs are reshaping India’s corporate landscape: Siemens Technology’s Pankaj Vyas explains

Global power centers (GCC) in India have turned from cost -focused external centers to strategic innovation engines in the past 25 years and support the Indian economy. In an exclusive interaction with Business Today, Pankaj Vyas, CEO of Siemens and Siemes services, explains how India has become a center of GCCS.

It is also shared by visions on how to reshape GCCS from the country’s scene in the country and its increasing contribution to employment, exports and GDP of the country. Excerpts edited:

BT: GCCs came to India two and a half decades ago in favor of the cost. How did it evolve during these years?

Vyas: The Gulf Cooperation Council was earlier in India known as marine development centers. Later, the terms turned into captive centers abroad, which carry a fairly negative indication. Over time, this developed into global development centers, then global power centers, and now we refer to them as global efficiency centers. This development of terms reflects the broader transformation of their role and value.

As I said, the focus was at the beginning on the cost and the extensive access to talents, which is logical given the relatively young natural technology and the ecosystems at that time.

India has come a long time since then. Every thanks in a large part of the joint efforts of the government, the academic world and the industry. It is a great success story. No other country in the world has size in size and value like India. Not only did it increase the number of Gulf Cooperation Council countries, but also the number of employees, the diversity of work, and most importantly, the depth of experience.

BT: How does GCCS form the landscapes of companies?

Vyas: The scene of companies in the country focused before the emergence of the Gulf Cooperation Council countries primarily on doing things in India for India. This was our focus. Even today, in many manufacturing sectors, this is still true. But we are also doing a lot in this field now.
What has changed mainly with the arrival of the Gulf Cooperation Council states is the opportunity to work closely with their global counterparts. What you are developing here, you are really developing the world. This shift has brought a completely new level of understanding from global compliance to international commercial processes and regulatory frameworks required to work in various global markets. This has been clearly had a transformative impact on the scene of companies in India.

BT: What are the emerging technologies that will dominate the scene of the Gulf Cooperation Council countries over the next twenty years?

Vyas: If you go back to the fifties and sixties, we have used machines that require solid wheels. Then we said, let’s move to pay the buttons. Then the touch screen came, and now we say, “Can I speak to the device?” Today, we even ask, “Why should I speak at all-do you think the device alone?” This is the journey towards the agent of artificial intelligence. This is really a constant simplification journey.

What we see now is that, to move forward, GCCS will see significant growth by investing in four main technological areas.

The first is artificial intelligence and data analyzes, including artificial intelligence. The second is cloud computing that has become increasingly spread. It is no longer confined to your own device or preparing a traditional data center.

Third is the edge computing, because it is not possible or everything to go to the cloud. A lot of treatment now occurs locally or between them, making the edge calculating very relevant. The fourth, and not less important, is cybersecurity.

BT: As I talked about artificial intelligence and automation, how will they change the way the Gulf Cooperation Council countries operate?

Vyas: Our productivity will increase by complications here. It will become a lot of repeated tasks automatically and this is truly frequently freed.

BT: There were 1,700 units of US dollars in India, according to the 2024 Economic Survey, with the generation of employment of 1.9 million people. Therefore, which number comes to your mind in terms of the number of Gulf Cooperation Council countries that we will get during the next twenty years?

Vyas: It is difficult to set a number over the next twenty years. India will host from 2,600 to 2,800 species of Gulf Cooperation Council countries much closer.

BT: My last question, how much GCC contributed to the gross domestic product of India?

Vyas: I think the Gulf Cooperation Council countries contribute a little 1 % in GDP in India.