Curation Team
NAGPUR: The state cabinet approved a policy for attracting investments in global capacity centres (GCCs), on Tuesday. With a special focus on Tier-2 and Tier-3 cities like Nagpur, Nashik, and Chhatrapati Sambhaji Nagar, the aim is to double the number of GCCs to 800 in the state.
The new policy, which will remain in effect from 2025 to 2030, also aims to attract investment worth Rs50,600 crore and create four lakh new jobs. The state already has 400 GCCs employing four lakh individuals. With the cabinet decision, Maharashtra now has a specific policy for GCCs, along with other states like Gujarat, Karnataka, Madhya Pradesh, and Uttar Pradesh.
The policy calls for incentives in property tax, uninterrupted supply of electricity and water to the GCCs. Benefits like flexible working hours and providing additional carpet area of space to units planning to start ventures in the GCCs are also a part of the policy, said a note shared by the state’s information directorate.
“At present, 400 GCCs are operational in the state, employing four lakh people. The objective is to add 400 new GCCs, creating four lakh fresh jobs,” said the note. In 2021, there were around 1,200 GCCs in the country; there are 1,900 now, employing 19 lakh individuals all over India,” said the note.
The GCCs will help attract foreign investments, creating a digital data bank, and also setting up economic centres of global standards, said the note. GCCs are subsidiaries set up by multinational companies that take up critical functions, including research and deriving strategies by employing highly qualified human resources. Association of Industrial Development (AID) — an organisation patronised by Union transport minister Nitin Gadkari — had been championing for a GCC policy too. “It’s encouraging that AID’s suggestion for stress on small cities in the policy has been accepted, said AID president Ashish Kale. Recently, a IT company opened a GCC in the city too. The state expects that the GCCs would give a fillip to the defence, space, logistics, agriculture, food processing, mining, jewellery, renewable energy, textile, and automotive sectors, said the govt note.
