Karnataka has introduced a new Global Capability Centre (GCC) policy aimed at establishing 500 GCCs and generating 3.5 lakh jobs over the next five years. The initiative seeks to solidify the state’s position as a global leader in the technology and innovation sectors, leveraging its well-established IT ecosystem and skilled workforce.
Source:-bbc news
The state is home to over 550 existing GCCs, contributing nearly 40% of India’s total, with these centers playing a critical role in managing business operations, technological advancements, and R&D for global corporations. Karnataka’s new policy offers attractive incentives to multinational companies, including fiscal benefits, a streamlined regulatory framework, and ease of doing business, to encourage them to set up or expand their GCC operations in the state.
Source:- news 18
The GCC policy also focuses on fostering innovation and research by promoting collaboration between industries, academic institutions, and government bodies. It places significant emphasis on upskilling the local workforce, particularly in emerging technologies like artificial intelligence, machine learning, data analytics, and cybersecurity, aligning talent with the specific needs of GCCs.
To further support the initiative, the state government plans to develop dedicated infrastructure and provide necessary support systems for these centers. This is expected to attract investment across multiple sectors, including IT, finance, healthcare, and manufacturing, while enhancing the state’s competitiveness on a global scale.
Overall, Karnataka’s GCC policy aims to drive economic growth, create high-quality jobs, and position the state as a preferred destination for knowledge-based industries, reinforcing its global reputation as a leader in technology and innovation.
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