MP Unveils India’s First Dedicated GCC Policy
Bhopal, Feb 14 (PTI) – Madhya Pradesh has made a significant move by becoming the first state in India to introduce a dedicated Global Capability Centre (GCC) policy. This innovative policy aims to position Madhya Pradesh as a leading hub for global innovation and collaboration.
The Madhya Pradesh GCC Policy 2025
The Madhya Pradesh GCC Policy 2025 is designed to attract over 50 GCCs and generate more than 37,000 direct jobs. It combines incentives for capital expenditure, payroll, upskilling, and research and development, backed by a designated nodal agency for implementation. The policy specifically targets sectors such as IT, finance, engineering, human resources, and emerging technologies, with a focus on artificial intelligence (AI) and cybersecurity.
Decentralizing Business Hubs
This groundbreaking policy signifies a strategic shift towards decentralizing business hubs beyond traditional metro cities, fostering GCC growth in tier-2 cities. Madhya Pradesh is bundling infrastructure with its talent pool and cost-effective business environment to attract companies to establish GCCs in the state.
Infrastructure and Talent Pool
With over 15 IT parks and five Special Economic Zones (SEZs), including renowned centers like Crystal IT Park and Infosys in Indore, the state showcases its infrastructure readiness. Madhya Pradesh produces over 50,000 technical graduates annually from more than 300 technical education institutions, ensuring a steady supply of industry-ready professionals.
Ease of Doing Business
Ranked 4th in the Ease of Doing Business Rankings (2023), Madhya Pradesh offers businesses a cost-effective alternative to metropolitan cities, with significantly lower operational costs. The state’s business-friendly governance streamlines regulatory processes, providing single-window clearances and investor-friendly policies.
Join the GCC Revolution
By implementing the GCC Policy 2025, Madhya Pradesh aims to transform tier-2 cities into global hubs of innovation and excellence. As global businesses seek cost-effective, innovation-driven destinations, Madhya Pradesh is ready to lead the next phase of India’s GCC revolution.
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