The report identifies 382 European companies as potential candidates for establishing GCCs in India.
Finding 1 of 5
PeMa Quadrant · Published March 1, 2026

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What the report finds
The report identifies 382 European companies as potential candidates for establishing GCCs in India.
Finding 1 of 5
BFSI, Software Development, and Industrial Machinery Manufacturing are the sectors with the strongest alignment for GCC establishment.
The India-EU Free Trade Agreement is a significant driver, lowering CAPEX barriers and promoting innovation.
A weighted scoring framework was used to evaluate companies based on eight criteria, including global operational footprint and sectoral alignment.
The report serves as a strategic resource for industry groups and policymakers to anticipate European GCC expansion in India.
Abstract
The report titled 'Enterprise AI Outlook 2026' provides a comprehensive analysis of the potential for European companies to establish Global Capability Centers (GCCs) in India.
It identifies 382 European firms without a current GCC presence in India, highlighting the strategic opportunities for these companies to leverage India's mature R&D ecosystem, cost efficiencies, and engineering talent. The report evaluates these companies using a weighted scoring framework based on eight pivotal criteria, including global operational footprint, sectoral alignment, and recent expansion indicators. The analysis reveals that sectors such as Banking, Financial Services, and Insurance (BFSI), Software Development, and Industrial Machinery Manufacturing exhibit the strongest alignment with India's capabilities. The report also emphasizes the impact of the India-EU Free Trade Agreement, which lowers CAPEX barriers and shifts the focus from labor arbitrage to innovation. This strategic resource aims to guide industry groups, policymakers, and consulting organizations in anticipating and facilitating the next wave of European GCC expansion in India.
Methodology
The research was conducted using a base corpus of 461 leading European firms by revenue.
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The research was conducted using a base corpus of 461 leading European firms by revenue. A weighted scoring framework assessed each entity across eight criteria, including global operational footprint, sectoral alignment, and recent expansion indicators. The study excluded companies with existing GCCs in India and focused on those without current GCC presence. Publicly available information and qualitative assessments were used to evaluate the likelihood of GCC establishment.
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