Bengaluru. The Karnataka government on Friday presented the draft Global Competence Center (GCC) policy. It aims to generate economic output of US$50 billion by 2029 and create 3.5 lakh new jobs while attracting 500 new GCCs. Global competence centers are units of multinational companies located in other countries. These centers provide various support services to their parent company such as IT, finance, human resources and analytics.
Officials said the policy is designed to enhance investor confidence, promote seamless collaboration with the local innovation ecosystem and make Karnataka a leader in artificial intelligence (AI) research and development. On this occasion, State Information Technology and Biotechnology Minister Priyank Kharge said, “Today, we are proudly launching the country’s first policy specifically designed for Global Competence Centres. This reaffirms Karnataka’s position as a top destination for innovation. “GCCs have moved beyond providing infrastructure support for back-office operations to become key drivers of global strategic initiatives, R&D and technology solutions.”
He said that with a workforce of over 12 lakh and a contribution of US$ 22.2 billion to the economy, the GCC has been an important source of growth and employment for Karnataka. Suggestions have been invited from concerned parties on the draft policy. Ekrup Kaur, Secretary, Department of Electronics, IT, Biotechnology, Government of Karnataka, said, “Through this policy, we aim to set up 500 new GCCs by 2029. This will create 3.5 lakh new jobs and generate an economic output of US$ 50 billion.
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