Karnataka GCC Policy 2024-29 - Pioneering Growth Through Innovation and Regional Development

Karnataka is setting a new benchmark with the introduction of its draft policy for Global Capability Centres (GCCs), positioning itself as a leader in shaping the future of this sector. Aiming to attract 500 new GCCs and create 3.5 lakh new jobs by 2029, the policy reflects the state's commitment to strengthening its foothold in global technology and business services. 

With Bengaluru's world-class talent pool and dynamic innovation ecosystem driving this growth, Karnataka is strategically poised to become a major hub for global enterprises looking to expand their GCC operations. The policy is a blueprint for the state's overall economic advancement, fostering innovation and long-term growth, both within and beyond Bengaluru.
This article aims to summarise the key policy measures and incentives while analysing their implications from a real estate viewpoint.
 
Please click the download button to access the full report and get a clearer understanding of the policy.