The Uttar Pradesh government has taken a key step to strengthen its position as a global services hub by approving Rules-2025 for the implementation of the Global Capability Center (GCC) Policy-2024.
The decision was taken at a meeting of the Uttar Pradesh Cabinet, chaired by Chief Minister Yogi Adityanath. According to a statement from the state’s information department, the new rules are expected to accelerate global investments, expand high-end services, and generate large-scale employment across the state.
Under the approved framework, Invest UP has been named the nodal agency for implementing the policy. The Rules-2025 will be effective from the date of promulgation of the GCC Policy-2024 and will remain in force until they are amended or withdrawn by the state government.
Explaining the cabinet’s decision, Industrial Development Minister Nand Gopal Gupta Nandi said the state’s investment climate has seen significant improvement, encouraging both domestic industrial groups and multinational companies to invest. “The GCC policy is very beneficial for us, and today we have introduced its SOP. GCC investment in Uttar Pradesh is steadily increasing,” he said.
According to the minister, 21 companies have already initiated investments during the current financial year. These projects are expected to create substantial employment opportunities across the state.
As per the notified rules, a GCC is defined as a captive entity set up by an Indian or foreign company to carry out strategic functions. These include information technology, research and development (R&D), finance, human resources, design, engineering, analytics, and knowledge-based services.
To attract GCC enterprises, the policy offers a wide range of financial incentives. These include front-end land subsidies, stamp duty exemptions or reimbursements, capital subsidies, interest subsidies, operating expense (OPEX) subsidies, payroll and recruitment subsidies, EPF reimbursement, incentives for talent development and skill promotion, and support for research and innovation. Special incentives may also be extended on a case-by-case basis.
In addition to financial benefits, GCC enterprises will receive non-financial support such as access to technical support groups, industry linkage assistance, regulatory facilitation, faster application processing, and a streamlined system for approvals and incentive disbursement.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter
About us:
The Mainstream is a premier platform delivering the latest updates and informed perspectives across the technology business and cyber landscape. Built on research-driven, thought leadership and original intellectual property, The Mainstream also curates summits & conferences that convene decision makers to explore how technology reshapes industries and leadership. With a growing presence in India and globally across the Middle East, Africa, ASEAN, the USA, the UK and Australia, The Mainstream carries a vision to bring the latest happenings and insights to 8.2 billion people and to place technology at the centre of conversation for leaders navigating the future.
