27 Jan 2025
What factors are decisive in choosing the location for the GCC? To what extent are HQ executives involved?
The panelists noted that the focus is shifting from cost to the kinds of solutions being built, the impact of digital transformation programs, and the business value being unlocked. With rapid advancements, pharma companies embracing emerging technologies are making more long-term, strategic bets.
The panelists discussed several challenges, including the intense competition for talent and rising cost pressures. However, they also agreed that these challenges should be viewed as opportunities to advance the Indian Pharma GCC success story. For instance, they exchanged thoughts on how to retain top talent, especially Gen Z, by giving them ample opportunities to thrive and innovate by nurturing a culture of experimentation.
The panelists provided valuable insights into the dynamics of GCCs in the pharma sector. The emphasis on talent, strategic location, innovation, and government support were highlighted as the key factors that contribute to the success of GCCs. As the sector continues to evolve, these discussions will play a crucial role in shaping the future of GCCs in India, which are fast evolving into microcosms of their parent/HQ organizations in more ways than one.
All panelists emphasized the importance of having a clear structure, approach, and operating model as crucial success drivers for any GCC. The leaders agreed that it’s a positive sign to see pharma companies turning to their India-based GCCs to innovate at a faster pace, stay ahead of the curve, and contribute to pipeline growth in line with the broader business objectives of their organizations.