The Indian GCC Model, Innovation and Technology Expertise Attractions for Global Markets: Goldman Sachs, Kyndryl

The GCC (Global Capacity Center) model redefines what it means to function as innovative influencers and thought leaders in global organizations, said John Waldron, President and COO, Goldman Sachs Group, at of a virtual meeting on Wednesday.

In his opening speech on “Harnessing Global Innovation through the Capability Center Model” at the Bengaluru-2021 Technology Summit (BTS), he said: “We are encouraged by the significant progress being made across India. in the application of advanced technologies to create products and solutions to serve domestic and global markets. India is home to over 1,000 CCGs of global companies and almost half of them are located in Bangalore.

“Goldman Sachs’ success in building premier GCC and deep fintech centers in Bengaluru and Hyderabad has been driven by a few critical factors. The first and most important is the investment we make in our people and the talent of this country, while the other key factor in our success has been connectivity, ”said Mr. Waldron. Goldman Sachs GCC currently has over 8,000 employees in Bangalore and Hyderabad.

“Together, they represent one of the company’s deepest fintech hubs, with an established track record in engineering, emerging technologies as well as commercial execution,” he said.

Also speaking at BTS, Martin Schroter, chairman and CEO of Kyndryl, IBM’s $ 19 billion infrastructure services company, which was recently split into a separate entity, said that the world had increasingly looked to India as a leader in innovation and technical expertise development.

“India is full of innovative ideas and the country has helped industries transform globally. The BTS reflects the technological mindset of Karnataka. We want to partner with India to build a next generation digital infrastructure for the whole country, ”said Mr. Schroter.

Kyndryl was working to build next-generation digital infrastructure across India by supporting complex infrastructure in areas such as banking, telecommunications, and the supply chain that were critical to delivering citizen-centric services across the country, he said.

“It is important that people have access to digital tools that will provide them with economic opportunities. After all, we are all competing in an economy, but we live in a society, ”he said. The company has found purpose in the country’s strong digitization mission and has invested in creating thousands of jobs in Bengaluru, Chennai, Hyderabad and Gurugram, he said.