Maharashtra Takes Steps to Formulate a Dedicated GCC Policy
Maharashtra is actively engaging with industry stakeholders to create a dedicated Global Capability Centre (GCC) policy. This move follows Karnataka's lead in unveiling the country’s first state GCC policy. The policy aims to attract new GCCs and foster j
MaharashtraGcc PolicyGlobal Capability CentreItitesJob CreationReal Estate MaharashtraOct 27, 2024
Sources reveal that senior officials have held multiple discussions with existing GCCs and those looking to expand their operations in the state.
Frequently Asked Questions
What is a Global Capability Centre (GCC)?
A Global Capability Centre (GCC) is a specialized facility or hub that companies set up in different locations to leverage local talent, resources, and expertise for various functions such as research, development, and IT services.
Why is Maharashtra formulating a dedicated GCC policy?
Maharashtra is formulating a dedicated GCC policy to stay competitive and attract more investments from the fast-growing GCC sector, following Karnataka's lead in unveiling the country's first state GCC policy.
What are the key recommendations from industry stakeholders for the GCC policy?
Industry stakeholders have recommended the establishment of special economic zones (SEZs), tax incentives, cost competitiveness in real estate, leveraging foreign direct investment (FDI) confidence, and building a robust talent strategy.
Which cities in Maharashtra currently host the most GCCs?
Pune and Mumbai each host between 12%-14% of the country’s GCCs, making them the primary locations for GCC establishments in Maharashtra.
What are the potential new GCC destinations in Maharashtra?
Nashik and Nagpur have been identified as potential new GCC destinations in Maharashtra to expand the scope of GCC establishments beyond Mumbai and Pune.
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