Key Points
Indian global capability centres (GCC) of multinationals are no longer built to lower costs but create critical innovation hubs that Fortune 500 companies are increasingly harnessing to enhance competitiveness in their biggest revenue-generating markets worldwide, said Jane Fraser, chief executive officer of Citigroup...
India's perfect policy prescriptions, cast-in-stone execution schedules and an unmatched ability to deliver development on a gigantic scale make it a unique investment destination, Fraser told ET in an interview...
"The move from more of a cost arbitrage in India to now looking at it in terms of innovation from our Indian tech centres - they are drivers of our business strategy,'' she said..
There is "very smart policy and execution that is supporting investment, that is supporting growth, that is supporting much more self-sufficiency within India", said Fraser..
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