Global Service Centre in UP | 08 May 2025
Why in News?
To attract global investment, the Uttar Pradesh government has approved the Global Capability Centres (GCC) Policy.
Key Points
- About the Policy:
- The policy aims to drive UP toward its ambitious goal of becoming a USD 1-trillion economy.
- Officials expect the policy to attract global players in IT, banking, healthcare, engineering, and next-generation technologies.
- The policy offers attractive incentives and has been framed after studying global best practices.
- Technologies Covered by GCCs:
- GCCs being set up in UP include cutting-edge domains such as:
- Artificial Intelligence (AI)
- Machine Learning
- Cloud Computing
- Cybersecurity
- Robotic Process Automation
- Engineering design and development
- GCCs being set up in UP include cutting-edge domains such as:
- Sectors and Companies Already on Board:
- Global firms in banking, financial services, insurance, automotive, electronics, and semiconductor manufacturing have begun operations in UP.
- Microsoft has laid the foundation for a 10,000-seater development centre in Noida.
- MAQ Software has set up a 3,000-seater engineering centre.
- The state is also working to attract GCCs to Varanasi, Kanpur, and Prayagraj, alongside Noida and NCR.
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Global Capability Centers (GCCs)
- GCCs represent offshore establishments set up by companies to deliver a range of services to their parent entities.
- Operating as internal entities within the global corporate framework, these centres offer specialised capabilities including IT services, research and development, customer support, and various other business functions.
- GCCs play a crucial role in capitalising on cost efficiencies, tapping into talent reservoirs, and fostering collaboration between parent enterprises and their offshore counterparts.
- Special Economic Zones (SEZs) can provide a fertile ground for GCCs to flourish by offering several advantages like tax breaks, simplified regulations and streamlined bureaucracy.