UP Aims to Become a Leading Hub for Global Capability Centres
Realtors and commercial space providers from Invest UP, along with representatives from CREDAI, discussed the potential of Uttar Pradesh as a premier destination for Global Capability Centres (GCCs). The state offers a robust talent ecosystem, cost-effective infrastructure, and a comprehensive incentive package.
Global Capability CentresReal EstateUttar PradeshTalent EcosystemGcc Policy 2024Real Estate NewsAug 19, 2025
UP has a significant talent pool, with over 2 lakh STEM graduates produced annually, and over 8,000 higher education institutions. This, combined with a cost advantage of up to 40% compared to established hubs, makes the state a compelling choice for GCCs. The GCC Policy 2024 includes a range of incentives such as capital and payroll subsidies, EPF reimbursements, and dedicated support cells to streamline investor onboarding.
The plan to establish UP as a GCC hub adopts a hub-and-spoke model. Noida is designated as the global hub, Lucknow as an emerging hub, and tier-2 cities such as Agra, Meerut, Kanpur, Gorakhpur, Varanasi, and Prayagraj as satellite centres. This strategic approach aims to leverage the strengths of each city to create a comprehensive GCC ecosystem.
CREDAI members, including Shalimar Group, BBD Viraj, Rishita Developers, and Eldeco Housing, pledged their support. These developers are providing commercial spaces to IT-ITeS companies and GCC players and are now aligning their efforts with Invest UP by listing and sharing their commercial space inventory. This collaboration is crucial for the successful implementation of the GCC hub model.
Upcoming projects like AI City, IT City, and CG City in Lucknow, as well as YEIDA's Fintech Park, were discussed as major enablers for the GCC ecosystem. These projects are expected to provide the necessary infrastructure and support to attract and retain GCCs in the state. The development of these projects is a testament to the state's commitment to fostering a conducive environment for technology and innovation.
The meeting concluded with a strong emphasis on the potential of UP to become a leading GCC hub. The combined efforts of Invest UP, CREDAI, and other stakeholders are expected to drive the growth of the GCC ecosystem in the state, creating numerous job opportunities and boosting economic development.
Frequently Asked Questions
What is a Global Capability Centre (GCC)?
A Global Capability Centre (GCC) is a facility set up by a company to provide specialized services such as research and development, IT, and business process outsourcing. These centres are often located in countries with a strong talent pool and cost-effective infrastructure.
What incentives does the GCC Policy 2024 offer in Uttar Pradesh?
The GCC Policy 2024 in Uttar Pradesh offers a range of incentives including capital and payroll subsidies, EPF reimbursements, and dedicated support cells to streamline investor onboarding. These incentives are designed to attract and retain GCCs in the state.
Which cities in UP are designated as GCC hubs?
Noida is designated as the global hub, Lucknow as an emerging hub, and tier-2 cities such as Agra, Meerut, Kanpur, Gorakhpur, Varanasi, and Prayagraj as satellite centres in the GCC hub model for Uttar Pradesh.
What are some upcoming projects in Lucknow that support the GCC ecosystem?
Some upcoming projects in Lucknow that support the GCC ecosystem include AI City, IT City, and CG City, as well as YEIDA's Fintech Park. These projects are expected to provide the necessary infrastructure and support for GCCs.
How are real estate developers contributing to the GCC ecosystem in UP?
Real estate developers such as Shalimar Group, BBD Viraj, Rishita Developers, and Eldeco Housing are providing commercial spaces to IT-ITeS companies and GCC players. They are also aligning their efforts with Invest UP by listing and sharing their commercial space inventory to support the growth of the GCC ecosystem.
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