The Cost of Setting up ODC/GCC in India

Introduction

Companies setting up Offshore Development Centers (ODCs) and Global Capability Centers (GCCs) in India is not a new phenomenon. But as far as trends go, it’s stayed consistent partially due to the conditions such as feasibility, political stability, ample supply of talent, etc. Moreover, this trend fueled India’s development as well. However, concerns regarding the initial costs associated with setting up an ODC/GCC in India are a common hurdle for many companies. At GoodWorks Cowork, we understand these concerns. That’s why we offer a comprehensive suite of services designed to minimize costs and streamline the process of establishing your ODC/GCC in India.

Traditional Approach: Breaking Down the Cost of Setting Up an ODC/GCC

Real Estate Costs

The traditional approach of setting up an ODC/GCC often involves leasing office space. While seemingly straightforward, this approach can lead to significant upfront and ongoing costs. These costs include security deposits, rent, fit-out costs (renovations and furniture), and ongoing maintenance fees.

Recruitment and Onboarding Expenses

Additionally, companies need to factor in recruitment and onboarding expenses such as advertising costs, agency fees, and relocation costs for new hires.

IT Infrastructure Setup

Setting up the IT infrastructure also adds to the initial investment with hardware, software licenses, internet connection, and dedicated IT support staff.

Operational Costs

Operational costs include utilities like electricity and water, security measures, housekeeping services, and office supplies.

Hidden Costs

There are also hidden costs to consider, such as delays in operational readiness due to infrastructure setup, unexpected technology upgrades, and employee turnover. These hidden costs can significantly add to the initial budget, impacting your return on investment (ROI). Furthermore, traditional lease agreements often lock you into long-term commitments, hindering your ability to scale your operations up or down as needed.

Challenges of the Traditional Approach

Traditional approaches can be costly due to limited scalability. Leases often lock you into a fixed space, making it difficult to adapt to a growing or shrinking team. Managing an office infrastructure and IT setup in-house requires dedicated staff and resources, translating to additional costs. Recruiting and onboarding talent in a new market can be a complex and time-consuming process, further adding to the initial burden.

GoodWorks Cowork: A Cost-Effective Solution

Flexible Workspace Solutions

GoodWorks Cowork offers a transparent and cost-effective solution for establishing your ODC/GCC in India. Our approach eliminates the complexities and hidden costs associated with the traditional lease approach. We offer flexible workspace solutions, allowing you to choose from private offices, dedicated desks, or even hot desking options based on your specific team size and work style preferences.

All-Inclusive Packages

Unlike traditional leases with hefty upfront costs, GoodWorks CoWork provides all-inclusive packages that simplify budgeting. These packages include rent, utilities, high-speed internet, housekeeping, security, and access to common areas. You can eliminate the need for security deposits and expensive fit-out costs associated with traditional leases.

Scalability

Our solutions are scalable, allowing you to easily adjust your workspace as your team grows or shrinks, ensuring you only pay for what you need. A dedicated GoodWorks CoWork team handles all day-to-day operations, freeing up your valuable time and resources to focus on your core business activities. We leverage our network and resources to connect you with potential recruits in the Indian market, streamlining the talent acquisition process.

Cost Savings with GoodWorks CoWork

GoodWorks CoWork offers significant cost savings compared to the traditional approach. We provide transparent pricing, allowing you to compare the costs side-by-side. This comparison reveals potential savings across various components, including:

• Reduced real estate costs (no security deposits, fit-out costs, or long-term lease commitments)
• Streamlined IT infrastructure setup and management
• Minimized operational costs (housekeeping, security, utilities)

Additional Benefits of Partnering with GoodWorks CoWork

While cost savings are a significant advantage, GoodWorks CoWork provides a range of additional benefits that contribute to the success of your ODC/GCC in India:

Modern and Collaborative Workspaces

Our modern and collaborative workspaces foster innovation, collaboration, and employee well-being, leading to increased productivity.

Networking Opportunities

Being part of a vibrant co-working ecosystem allows you to connect with industry peers and potential clients, fostering valuable networking opportunities.

Focus on Core Business Functions

By partnering with GoodWorks Cowork, you can free up your resources to focus on core business functions, leaving the operational complexities to us.

Conclusion

Are you ready to set up your ODC/GCC in India? Contact GoodWorks Cowork today for a free consultation and personalized cost analysis. Let us help you establish a successful and cost-effective center in India.