India's Karnataka state plans incentives to double global centres to 1,000 by 2029
India's Karnataka state aims to double its global capability centres (GCCs) count to 1,000 and create 350,000 new jobs by 2029, according to a draft policy launched on Friday aimed at attracting more foreign companies to set up local offices.
Karnataka government unveils draft global capacity centres policy
According to officials, a key highlight of the policy is the establishment of Global Innovation Districts, with three new state-of-the-art technology parks - one in Bengaluru and two in "Beyond Bengaluru" clusters.
Karnataka unveils plan to double Global Capability Centres by 2029
Karnataka’s proposed GCC Policy 2024-29 aims to offer targeted incentives, including rent and tax breaks, to double the number of centres in the state as it races to attract international investments.
Karnataka unveils India’s first-ever Global Capability Centre policy, aims for 500 new centres and 3.5 lakh jobs by 2029
The policy has also set an ambitious $50 billion economic output target for Karnataka from GCC operations by 2029.
Latest Bengaluru News Live Updates Today September 27, 2024 : Karnataka aims to double global capability centres to 1,000 by 2029, creating 3,50,000 jobs
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