This chapter attempts to delineate the history of the Indian indentured labour regime—the beginnings, functioning and transformations and evaluate ways in which this agrarian labour regime contributed to the expansion and consolidation of the British colonial hegemony and capitalist economic interests across the world by situating the whole process of immigration and employment in the larger context of the changing priorities and contexts of political economy of the empire in post emancipation global capitalist economy. A critical exploration of girmit labour regime will offer some fresh insights into the commodification of labour and constitution of labour as an analytic category in interconnected histories of global capitalism under the aegis of imperialism. This paper shows that though there were arrays of dynamic transformations within the indentured labour regime as well in making, managing and makeover of this regime. However, two critical determinants of the labour regime—servitude and subalternity of labourers continued in the indentured labour regime albeit certain adaptations to realise the changing requirements of the capitalist production process and mollify the political-moral archetypes of the colonial authorities. Girmit provided the labourers to escape certain social-economic subjugations at home as it has been often argued, but a comprehensive analysis of the labour regulation under the indentured regime makes it clear that they were simultaneously drawn into a more ruthless structure of moral and physical domination.