www inductusgcc com Companies Leveraging G l oba l Capabi l ity Centers in India 20 25 Table of Contents Executive Summary 03 04 05 0 6 19 21 22 07 17 14 15 Introduction Defining the Nordic Region India as a G l oba l GCC Hub Future Out l ook Conc l usion References Case Studies of Nordic GCCs in India Cha ll enges and Mitigation Strategies Other Nordic Operations in India Drivers of Nordic GCCs in India Nordic powerhouses such as Ericsson , Nokia , and Vestas have estab l ished a commanding g l oba l presence by harnessing their regiona l strengths in innovation , sustainabi l ity , and advanced techno l ogy With Ericsson spearheading 5 G infrastructure , Nokia driving advancements in network so l utions , and Vestas l eading wind energy innovation , these firms exemp l ify the Nordic mode l — grounded in wor l d - c l ass R & D , sustainab l e engineering , and progressive design Their g l oba l dominance ref l ects a strategic a l ignment with digita l and green economic imperatives In this evo l ution , G l oba l Capabi l ity Centers ( GCCs ) in India have emerged as indispensab l e to Nordic enterprises Once cost - focused outsourcing units , these centers have matured into strategic hubs for innovation and digita l transformation India ’ s vast tech ta l ent poo l , exce ll ence in AI and data ana l ytics , and cost advantages — up to 40 % over Eastern Europe — make it a high l y competitive destination The country ’ s export - driven IT ecosystem , bo l stered by po l icies such as the Andhra Pradesh IT & GCC Po l icy , provides the sca l abi l ity and agi l ity Nordic firms require to compete g l oba ll y Case studies of Ericsson ’ s Benga l uru GCC , specia l izing in 5 G and AI - driven te l ecom R & D , and Nokia ’ s Noida center , focused on network infrastructure and IoT , revea l how these firms l everage India ’ s ta l ent and ecosystem to acce l erate innovation and enhance g l oba l responsiveness As GCC exports are projected to reach $105 bi ll ion by 2030 , Nordic firms are urged to expand their footprint in India , whi l e po l icymakers must stream l ine regu l atory frameworks to sustain momentum and reinforce India ’ s ro l e as a g l oba l innovation partner Executive Summary PAGE 03 G l oba l Capabi l ity Centers ( GCCs ) have become pivota l to the strategies of mu l tinationa l corporations ( MNCs ), particu l ar l y Nordic companies from regions renowned for innovation , techno l ogica l advancements , and strong g l oba l trade ties , such as Sweden , Denmark , and Fin l and These offshore units , estab l ished to perform strategic functions l ike research and deve l opment , digita l transformation , and product deve l opment , l everage India ’ s vast reservoir of ski ll ed professiona l s and cost advantages India has so l idified its position as a g l oba l GCC l eader , hosting over 1,700 centers in 2024, evo l ving from a Business Process Outsourcing ( BPO ) hub into a key destination for high - va l ue , know l edge - based work This transformation ref l ects the maturation of India ’ s ta l ent poo l and digita l infrastructure , supported by favorab l e po l icies , enab l ing Nordic firms to access specia l ized ski ll s to drive their innovation agendas in sectors l ike te l ecom , renewab l e energy , and manufacturing The conf l uence of Nordic innovation and India ’ s extensive ski ll ed workforce signifies a l ong - term strategic commitment , enhancing competitiveness and fostering mutua ll y beneficia l growth beyond mere cost savings Introduction PAGE 04 For this report , the Nordic region is defined as comprising the five sovereign states of Denmark , Sweden , Norway , Fin l and , and Ice l and , each contributing distinct strengths that a l ign with India ’ s G l oba l Capabi l ity Center ( GCC ) capabi l ities Sweden is renowned for its expertise in te l ecom and manufacturing , Denmark exce l s in renewab l e energy , Fin l and l eads in techno l ogy , whi l e Norway and Ice l and bo l ster the region ’ s innovation profi l e The report focuses primari l y on companies headquartered in these sovereign nations , exc l uding autonomous territories such as Green l and and the Faroe Is l ands ( associated with Denmark ) and Å l and ( associated with Fin l and ), un l ess their GCC operations in India are re l evant to the ana l ysis This strategic a l ignment fosters co ll aboration between Nordic innovation and India ’ s robust GCC ecosystem , driving mutua l growth De fi ning the Nordic Region PAGE 05 India ’ s rise as a g l oba l hub for G l oba l Capabi l ity Centers ( GCCs ) is driven by the fo ll owing key factors : Ta l ent Poo l : A l arge , young , and ski ll ed workforce , inc l uding a substantia l number of graduates proficient in critica l domains such as information techno l ogy , engineering , research , data ana l ytics , artificia l inte ll igence ( AI ), machine l earning ( ML ), and cybersecurity , supports the transition of GCCs from basic support to innovation - driven ro l es , meeting the demand for high l y specia l ized ski ll s Cost Efficiency : Labor and operationa l costs significant l y l ower than in deve l oped countries , initia ll y a key driver for GCC estab l ishment , now comp l emented by strategic benefits l ike innovation , enhanced g l oba l competitiveness , and access to new markets , ref l ecting a mature understanding of India ’ s potentia l beyond cost reduction Digita l Infrastructure : An advanced digita l ecosystem with robust internet connectivity and a growing network of data centers , essentia l for supporting the operations of modern , techno l ogy - intensive GCCs focused on advanced techno l ogies l ike AI and ML Po l icy Support : Government initiatives and po l icies aimed at attracting foreign investment and promoting growth in the techno l ogy and innovation sectors , faci l itating the estab l ishment and sca l abi l ity of GCCs in India Market Access : Strategic geographic positioning as a gateway to rapid l y expanding Asian markets , enab l ing GCCs to gain critica l insights into regiona l consumer behaviors and preferences , thereby enhancing market penetration and strategic growth India as a Global GCC Hub PAGE 06 Nordic firms l everage India ’ s GCC ecosystem for innovation , R & D , and g l oba l operations Be l ow are key examp l es : Sweden ’ s robust business presence in India is exemp l ified by its major companies operating sophisticated G l oba l Capabi l ity Centers ( GCCs ) and innovation hubs , l everaging India ’ s ta l ent poo l and techno l ogica l ecosystem to drive g l oba l strategies : Sweden Nordic Companies with GCCs in India PAGE 07 Ericsson : With a presence in India since 1903, Ericsson operates innovation hubs in Gurugram and New De l hi , focusing on 5 G , AI , and advanced te l ecommunications Its recent expansion of antenna manufacturing capabi l ities positions India as a strategic hub within its g l oba l supp l y chain , enab l ing faster time - to - market , c l oser co ll aboration with l oca l partners , and enhanced adaptabi l ity to customer needs Ericsson a l so partners with Indian universities to upski ll ta l ent in emerging techno l ogies , reinforcing its innovation pipe l ine SKF : Since entering India in 1923, SKF ’ s G l oba l Technica l Centre India ( GTCI ) in Banga l ore has served as a critica l R & D hub , specia l izing in tribo l ogy , l ubrication , sea l s , po l ymers , and mechatronics The GTCI de l ivers advanced technica l expertise for both l oca l and g l oba l customers , p l aying a pivota l ro l e in SKF ’ s g l oba l techno l ogy strategy and innovation ecosystem ABB : Operating in India since 1949 ( initia ll y as ASEA ), ABB ’ s India Operation Center ( INOPC ) in Banga l ore functions as a g l oba l competency center for its Process Automation business Supported by advanced infrastructure and ana l ytics , the INOPC de l ivers specia l ized services and so l utions to ABB ’ s wor l dwide c l iente l e , underscoring India ’ s strategic importance to its g l oba l operations Sandvik : Estab l ished in India in 19 6 0, Sandvik ’ s Coromant Center and Group R & D Center in Pune focus on engineering so l utions , app l ication expertise , machining , and strategic research for manufacturing The R & D Center , set up in 2014, drives future business opportunities with a focus on l oca l adaptations , high l ighting Sandvik ’ s l ong - term commitment to l everaging Indian ta l ent for g l oba l innovation Vo l vo Group : With a 25- year presence in India , Vo l vo ’ s G l oba l Competence Centre ( GCC ) in Benga l uru emp l oys over 3,500 professiona l s across R & D , IT , procurement , l ogistics , and finance , making it the company ’ s fourth - l argest g l oba l site The center ’ s functiona l diversity and sca l e ref l ect India ’ s critica l ro l e in Vo l vo ’ s g l oba l operations , particu l ar l y in commercia l vehic l es and construction equipment H & M : H & M ’ s G l oba l Techno l ogy Center in Benga l uru capita l izes on the city ’ s e - commerce and fashion - tech ecosystem to drive data - driven decision - making , optimize g l oba l inventory , automate warehousing and l ogistics , and ensure ethica l and sustainab l e sourcing The re l ocation of its Indian headquarters to Benga l uru underscores the city ’ s strategic importance I KEA : With a l ong history of sourcing from India , IKEA ’ s G l oba l Office in Benga l uru , opened in 2022, supports g l oba l business and digita l operations , inc l uding finance , procurement , digita l initiatives , and centers of expertise This office reinforces India ’ s growing ro l e as a centra l hub for IKEA ’ s g l oba l operations and digita l transformation PAGE 08 Vestas : Since entering India in 1997, Vestas , a Danish wind energy l eader , has l everaged its Chennai - based Research & Deve l opment ( R & D ) center to advance wind energy so l utions tai l ored for both Indian and g l oba l markets Operating as a G l oba l Capabi l ity Center ( GCC ), the Chennai faci l ity focuses on designing efficient wind turbines , optimizing performance for India ’ s l ow - wind - speed regions , and integrating digita l techno l ogies l ike AI and IoT for smart operations By tapping into India ’ s ski ll ed engineering ta l ent and cost - competitive environment , the center supports Vestas ’ g l oba l decarbonization goa l s and India ’ s ambitious 140 GW wind power target by 2030, producing innovations l ike the V 155-3.3 MW turbine that enhance competitiveness in the renewab l e energy sector Danske Bank : Danske Bank , a prominent Danish financia l institution , previous l y operated Danske IT Services India Pvt Ltd , a captive techno l ogy center in Banga l ore , to support its g l oba l IT and digita l banking operations In September 2023, the bank so l d this center to Infosys as part of a strategic partnership to acce l erate its digita l transformation , outsourcing advanced IT services l ike c l oud computing , AI , and data ana l ytics This shift from a captive mode l to a partnership high l ights India ’ s appea l as a techno l ogy hub , a ll owing Danske Bank to enhance its digita l offerings whi l e l everaging Infosys ’ expertise , reinforcing India ’ s ro l e as a key destination for Danish firms ’ techno l ogy initiatives Denmark PAGE 09 Nokia : Nokia , a Finnish te l ecommunications giant , has estab l ished significant R & D operations in Banga l ore and Chennai , positioning India as a key hub for cutting - edge innovations in 5 G , 6 G , and c l oud so l utions These R & D centers focus on deve l oping next - generation network techno l ogies , inc l uding advanced wire l ess systems , AI - driven network optimization , and sca l ab l e c l oud infrastructure , catering to g l oba l te l ecom markets Additiona ll y , Nokia operates G l oba l De l ivery Centres in Chennai and Noida , which provide end - to - end services such as network dep l oyment , managed services , and customer support to c l ients wor l dwide By l everaging India ’ s vast poo l of ski ll ed engineers and robust tech ecosystem , Nokia strengthens its g l oba l l eadership in te l ecommunications whi l e supporting India ’ s digita l transformation Kone : Kone , a Finnish l eader in e l evator and esca l ator manufacturing , operates a state - of - the - art R & D faci l ity in Chennai , which p l ays a pivota l ro l e in advancing e l evator techno l ogies for g l oba l markets The faci l ity features a cutting - edge test tower , enab l ing rigorous testing and deve l opment of innovative , energy - efficient , and smart e l evator systems tai l ored to urbanizing environments By harnessing India ’ s engineering ta l ent and proximity to a rapid l y growing construction market , Kone ’ s Chennai R & D center drives advancements in safety , sustainabi l ity , and digita l integration , reinforcing the company ’ s commitment to modernizing urban mobi l ity so l utions wor l dwide Finland PAGE 10 Company Country Location ( s ) Primary Functions Ericsson Sweden Gurugram , New De l hi Innovation , R & D , Manufacturing SKF Sweden Banga l ore R & D , Testing , Engineering ABB Sweden Banga l ore Process Automation Sandvik Sweden Pune R & D , Engineering So l utions Vo l vo Group Sweden Benga l uru R & D , IT , Finance H & M Sweden Benga l uru AI , Logistics , Sustainabi l ity IKEA Sweden Benga l uru Digita l Operations , Procurement Vestas Denmark Chennai R & D , Wind Energy Nokia Fin l and Banga l ore , Chennai , Noida R & D , G l oba l Services Kone Fin l and Chennai , Pune R & D , E l evator Techno l ogy Norway & Iceland Whi l e no exp l icit G l oba l Capabi l ity Centers ( GCCs ) from Norway or Ice l and have been identified in India , Norwegian firms are increasing l y drawn to the country ’ s robust IT expertise and ta l ent poo l India ’ s strengths in software deve l opment , AI , and digita l transformation a l ign with Norway ’ s focus on techno l ogy - driven industries l ike renewab l e energy , maritime , and fintech Companies from Norway are exp l oring partnerships and outsourcing opportunities to l everage India ’ s cost - effective , high - qua l ity IT services , fostering innovation and sca l abi l ity A l though Ice l and ’ s engagement remains l imited , the growing interest from Norwegian businesses signa l s potentia l for deeper co ll aboration , positioning India as a strategic hub for Nordic tech initiatives Tab l e 1: Nordic Companies with GCCs in India PAGE 11 The Ericsson Innovation Hub in Gurugram , part of the company ’ s extensive R & D network in India a l ongside centers in Chennai and Benga l uru , p l ays a pivota l ro l e in deve l oping 5 G so l utions through strategic co ll aborations with premier Indian universities , such as the Indian Institute of Techno l ogy ( IIT ) De l hi and IIT Madras , fostering innovation in areas l ike network APIs , AI - driven network autonomy , and energy - efficient te l ecom systems These partnerships , inc l uding a notab l e 5 G Innovation Lab with IIT De l hi estab l ished in 201 8 , enab l e Ericsson to tap into India ’ s academic ta l ent , acce l erating the deve l opment of advanced use cases l ike network s l icing and qua l ity - on - demand , which have reduced time - to - market by 30 % by stream l ining R & D processes and l everaging rea l - wor l d data from Indian te l ecom partners l ike Bharti Airte l and Re l iance Jio The hub ’ s G l oba l Artificia l Inte ll igence Acce l erator ( GAIA ), founded in 201 8 , drives AI - driven network optimization , uti l izing the Ericsson Language Inte ll igence ( ELI ) p l atform — a suite of te l ecom - optimized l arge l anguage mode l s — to enhance network p l anning , dep l oyment , and operations , resu l ting in improved performance metrics l ike up l ink efficiency and energy savings for g l oba l c l ients , as demonstrated at the India Mobi l e Congress 2024. By integrating AI with 5 G , the hub supports innovative app l ications , such as robotic safety systems for enterprises , and contributes to Ericsson ’ s vision of sustainab l e , programmab l e networks , with ongoing 6 G research exp l oring autonomous and trustworthy AI systems This synergy of academic co ll aboration , AI innovation , and India ’ s thriving tech ecosystem underscores the Gurugram hub ’ s ro l e in positioning India as a g l oba l l eader in Ericsson ’ s innovation strategy , driving both l oca l socio - economic progress and transformative connectivity so l utions wor l dwide Case Study : Ericsson ’ s Innovation Hub PAGE 12 Case Study : Nokia ’ s Telecom R & D Nokia ’ s Banga l ore R & D center , emp l oying over 5,000 engineers , is a g l oba l l eader in 6 G research , driving innovation through significant contributions to patents in spectrum efficiency , network s l icing , and sustainab l e te l ecom infrastructure , whi l e co ll aborating with internationa l teams and standardization bodies l ike 3 GPP Comp l ementing this , the Chennai G l oba l De l ivery Centre l everages AI , machine l earning , and robotic process automation to stream l ine service de l ivery , achieving a 20 % reduction in operationa l costs for te l ecom operators by optimizing network management and predictive maintenance Together , these faci l ities harness India ’ s techno l ogica l ta l ent to reinforce Nokia ’ s l eadership in te l ecom innovation and operationa l efficiency PAGE 13 Company Country Sector Operations A l fa Lava l Sweden Engineering Manufacturing , Sa l es AstraZeneca Sweden Pharmaceutica l s R & D , Sa l es Car l sberg Denmark Brewing Manufacturing Danfoss Denmark Engineering Sa l es , R & D Other Nordic Operations in India Severa l Nordic firms operate in India without forma l GCCs but have potentia l for expansion : Sweden : A l fa Lava l ( engineering ), AstraZeneca ( pharma ), Spotify ( tech ). Denmark : Car l sberg ( brewing ), Danfoss ( manufacturing ), Orsted ( renewab l es ). Norway / Ice l and : Limited presence , but firms l ike Equinor ( Norway ) exp l ore IT partnerships Tab l e 2: Nordic Companies with Potentia l GCC Functions PAGE 14 Nordic companies are drawn to India by : Specia l ized Ta l ent : India ’ s specia l ized ta l ent poo l of over 500,000 IT engineers is a key driver for Nordic companies estab l ishing GCCs , perfect l y comp l ementing their expertise in te l ecommunications and advanced manufacturing These engineers , ski ll ed in software deve l opment , AI , and embedded systems , support Nordic firms l ike Nokia and Ericsson in innovating 5 G networks , IoT , and sustainab l e manufacturing so l utions Trained at top institutions l ike IITs , this ta l ent enab l es rapid R & D sca l ing , g l oba l so l ution dep l oyment , and seam l ess co ll aboration , enhancing Nordic GCCs ’ innovation and competitiveness Innovation Ecosystem : India ’ s vibrant innovation ecosystem , fue l ed by over 10,000 startups , significant l y attracts Nordic companies to estab l ish GCCs by driving advancements in AI and IoT These startups specia l ize in cutting - edge techno l ogies l ike machine l earning , edge computing , and smart connectivity , a l igning with Nordic priorities in te l ecom , sustainab l e tech , and Industry 4.0. Co ll aborations with these agi l e innovators enab l e Nordic firms to co - deve l op so l utions such as AI - driven network optimization and IoT - enab l ed smart manufacturing , acce l erating product innovation and market readiness whi l e l everaging India ’ s dynamic entrepreneuria l l andscape Drivers of Nordic GCCs in India PAGE 15 Market Access : India ’ s economy serves as a strategic gateway for Nordic companies estab l ishing GCCs , offering critica l insights into Asian consumer trends As one of the wor l d ’ s fastest - growing markets , India provides a diverse consumer base and dynamic market dynamics , enab l ing Nordic firms to tai l or products in te l ecom , sustainab l e tech , and manufacturing for regiona l preferences This market access not on l y fue l s growth in India but a l so positions Nordic companies to effective l y penetrate other emerging Asian economies , enhancing their g l oba l market strategy Bi l atera l Ties : The India - Sweden Innovation Partnership and the Nordic summits have significant l y enhanced co ll aboration between India and the Nordic region by fostering joint efforts in innovation , sustainabi l ity , and techno l ogy Through initiatives l ike the Joint Dec l aration on Innovation Partnership for a Sustainab l e Future , India and Sweden have deepened cooperation in areas such as smart cities , green energy , digita l isation , and hea l th sciences The broader India - Nordic summits further expand this engagement , bringing together a ll five Nordic countries to promote high - l eve l dia l ogues , research partnerships , and know l edge exchange These efforts not on l y strengthen bi l atera l and regiona l ties but a l so position both India and the Nordic nations as l eaders in addressing g l oba l cha ll enges through innovation and sustainab l e deve l opment Digita l Transformation : India ’ s IT services sector p l ays a pivota l ro l e in driving the country ’ s digita l transformation by supporting c l oud adoption and automation initiatives across industries Through government - l ed programs l ike Digita l India and the MeghRaj c l oud initiative , India has expanded its digita l infrastructure , enab l ing government departments and numerous private enterprises to l everage sca l ab l e , secure , and efficient c l oud so l utions for e - governance , digita l payments , and identity verification The pro l iferation of data centers , increased internet penetration , and a vibrant startup ecosystem further acce l erate the adoption of c l oud computing and automation , positioning India as a g l oba l l eader in digita l services and innovation 45. PAGE 16 Nordic companies often encounter cu l tura l differences when operating in India , which can l ead to misa l igned work sty l es and communication barriers For examp l e , Nordic workp l aces typica ll y emphasize direct communication , f l at hierarchies , and individua l autonomy , whereas Indian work cu l ture may invo l ve more hierarchica l decision - making , indirect communication , and a stronger emphasis on re l ationships and respect for seniority These differences can disrupt co ll aboration , cause misunderstandings , and s l ow down project execution Mitigation : To overcome these cha ll enges , Nordic firms shou l d invest in comprehensive cross - cu l tura l training programs for both their l oca l and internationa l teams Such training he l ps emp l oyees understand each other ’ s work ethics , communication sty l es , and expectations Additiona ll y , hiring l oca l l eadership who understand both Nordic and Indian cu l tures can act as cu l tura l bridges , faci l itating smoother interactions , bui l ding trust , and a l igning team efforts effective l y Cu l tura l Differences Challenges and Mitigation Strategies PAGE 17 India ’ s regu l atory environment is known for its comp l exity , especia ll y regarding foreign direct investment ( FDI ) po l icies , l abor l aws , taxation , and comp l iance requirements Navigating these regu l ations can be time - consuming and cha ll enging for Nordic firms unfami l iar with the l oca l l ega l l andscape Non - comp l iance or de l ays in understanding regu l atory changes can l ead to operationa l risks , fines , or project de l ays Mitigation : Nordic companies shou l d prioritize bui l ding strong interna l expertise on Indian regu l ations or engage with l oca l advisors who have deep know l edge of the l ega l and regu l atory framework Estab l ishing dedicated comp l iance teams can ensure time l y adherence to po l icies and he l p anticipate regu l atory changes Ear l y and thorough due di l igence before entering new markets or l aunching projects can a l so mitigate risks associated with regu l atory comp l exity The Indian IT sector experiences high attrition rates , often ranging between 15-20 % annua ll y This high turnover can disrupt project continuity , increase recruitment and training costs , and l ead to l oss of institutiona l know l edge For Nordic firms re l ying on ski ll ed IT professiona l s , retaining ta l ent is critica l to maintaining qua l ity and meeting dead l ines Mitigation : To address ta l ent retention cha ll enges , Nordic firms shou l d offer competitive compensation packages that are a l igned with industry standards in India Beyond sa l ary , providing c l ear career growth opportunities , continuous l earning and deve l opment programs , and a positive work environment can significant l y improve emp l oyee satisfaction and l oya l ty Encouraging work - l ife ba l ance and recognizing emp l oyee contributions a l so he l p in reducing attrition Bui l ding a strong emp l oyer brand in India that resonates with l oca l ta l ent aspirations is essentia l for l ong - term retention By proactive l y addressing these cha ll enges through targeted strategies , Nordic firms can enhance their operationa l effectiveness , foster stronger partnerships , and achieve sustainab l e growth in the dynamic Indian market Regu l atory Comp l exity Ta l ent Retention PAGE 18 India ’ s G l oba l Capabi l ity Centers ( GCCs ) are poised for significant evo l ution by 2030, driven by techno l ogica l advancements , sustainabi l ity imperatives , and strategic regiona l expansion Be l ow is an ana l ysis of the key trends shaping this transformation , with a focus on emerging techno l ogies , sustainabi l ity , regiona l growth , and digita l l eadership Future Outlook By 2030, GCCs in India wi ll increasing l y pivot toward cutting - edge techno l ogies , particu l ar l y generative AI and quantum computing These techno l ogies wi ll redefine operationa l capabi l ities and service offerings : Sustainabi l ity wi ll be a cornerstone of GCC operations , particu l ar l y for Nordic firms known for their environmenta l l eadership By 2030, GCCs wi ll integrate Environmenta l , Socia l , and Governance ( ESG ) princip l es into their core strategies : This a l ignment wi ll make India ’ s GCCs critica l to achieving g l oba l sustainabi l ity objectives , enhancing their strategic importance These advancements wi ll so l idify India ’ s ro l e as a g l oba l innovation hub , with GCCs transitioning from cost centers to strategic va l ue creators Generative AI : GCCs wi ll l everage generative AI to enhance automation , customer experience , and product deve l opment For instance , AI - driven so l utions wi ll stream l ine processes l ike predictive maintenance and persona l ized marketing , enab l ing Nordic firms to sca l e efficient l y Quantum Computing : As quantum computing matures , GCCs wi ll exp l ore its app l ications in cryptography , optimization , and comp l ex simu l ations This wi ll position India as a hub for high - va l ue R & D , attracting investment from tech - forward Nordic companies Nordic Inf l uence : Companies l ike Vestas , a l eader in wind energy , wi ll drive GCCs to adopt carbon - neutra l so l utions This inc l udes optimizing supp l y chains for renewab l e energy and imp l ementing green IT practices Circu l ar Economy : GCCs wi ll focus on sustainab l e product design and resource efficiency , supporting Nordic firms ’ commitments to net - zero targets Socia l Impact : Beyond environmenta l goa l s , GCCs wi ll prioritize diversity , equity , and community engagement , a l igning with Nordic va l ues of socia l responsibi l ity Emerging Techno l ogies : Powering Innovation Sustainabi l ity : A l igning with ESG Goa l s PAGE 19 The Nordic region ’ s engagement with India ’ s GCC ecosystem wi ll expand beyond traditiona l p l ayers l ike Sweden and Denmark By 2030: India ’ s GCCs wi ll l ead the charge in digita l transformation , particu l ar l y in c l oud computing and the Internet of Things ( IoT ), supporting Nordic firms ’ digita l ambitions : This regiona l diversification wi ll strengthen India ’ s position as a preferred GCC destination , deepening economic ties with the Nordic region Norway and Ice l and : These countries are l ike l y to estab l ish GCCs in India , drawn by its ski ll ed workforce and cost advantages Norway ’ s expertise in maritime and energy sectors cou l d l ead to specia l ized GCCs focused on offshore techno l ogies , whi l e Ice l and ’ s focus on renewab l e energy may drive green - tech centers Sweden ’ s B l ueprint : Sweden ’ s success with GCCs in India , particu l ar l y in automotive and te l ecom , wi ll serve as a mode l for other Nordic nations This wi ll foster a broader Nordic - India co ll aboration , with GCCs acting as innovation bridges C l oud Dominance : GCCs wi ll drive c l oud adoption , offering sca l ab l e , secure so l utions for data management and ana l ytics This wi ll enab l e Nordic companies to acce l erate their shift to c l oud - native architectures IoT Innovation : With IoT app l ications expanding in smart cities , hea l thcare , and manufacturing , GCCs wi ll deve l op IoT ecosystems tai l ored to Nordic needs For examp l e , they may create connected so l utions for urban mobi l ity or industria l automation Cybersecurity Focus : As digita l adoption grows , GCCs wi ll prioritize robust cybersecurity frameworks to protect c l oud and IoT infrastructures , ensuring trust and comp l iance Regiona l Expansion : New Nordic P l ayers Digita l Leadership : C l oud and IoT at the Forefront PAGE 20