Sops, tier-2 cities top focus in tech’s Karnataka GCC Policy wishlist
Global Capability Centres (GCC) — the first draft of which is expected in June — top executives told ET that the policy should include investment in the growth of infrastructure in tier 2 cities through initiatives like Beyond Bengaluru. Local incentives on new and renewed investments based on employment creation in the State is another top suggestion.
Industry leaders said that there should be single window approval cells and fast track resolution on issues reported. The policy should provide a mechanism for the industry to address requirements from various wings of the State government, they said.
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Offering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisitMITMIT Technology Leadership and InnovationVisitKarnataka is looking at bringing out the first draft of the State GCC policy sometime in June, State IT Secretary Ekroop Caur told ET. Bengaluru is home to over 400 GCCs out of the 1,630 GCCs operating in India which is approximately 25%, employing 1.3 million people and generating a revenue of $33.8 billion — about 1% of India’s GDP.
In the State budget announced in February this year, the Karnataka government announced a new GCC Policy, an initiative to get more Fortune 500 companies to set up their technology centres in Karnataka.
This comes at a time when competing states like Tamil Nadu have released an aggressive policy to attract GCC to the state. In
