Uttar Pradesh Approves Global Capability Centres Policy to Boost Economy
| Aspect | Details |
|---|---|
| Policy Name | Global Capability Centres (GCC) Policy |
| Approved By | Uttar Pradesh Government |
| Objective | To attract global investment and drive UP toward a USD 1-trillion economy |
| Key Sectors Targeted | IT, banking, healthcare, engineering, and next-generation technologies |
| Technologies Covered | AI, Machine Learning, Cloud Computing, Cybersecurity, Robotic Process Automation, Engineering design and development |
| Global Firms Operating | Banking, financial services, insurance, automotive, electronics, semiconductor manufacturing |
| Major Developments | Microsoft (10,000-seater development centre in Noida), MAQ Software (3,000-seater engineering centre) |
| Cities Targeted | Noida, NCR, Varanasi, Kanpur, Prayagraj |
| Incentives Offered | Attractive incentives based on global best practices |
| Role of GCCs | Offshore establishments offering IT services, R&D, customer support, and other business functions |
| Advantages of GCCs | Cost efficiencies, talent reservoirs, collaboration with parent enterprises |
| Support from SEZs | Tax breaks, simplified regulations, streamlined bureaucracy |