BENGALURU, 27 SEPT

The State government on Friday launched a draft Global Capacity Centres (GCC) policy with the aim to generate USD 50 billion economic output and attract 500 new GCCs by 2029, creating 3.5 lakh jobs.

With this, the government has targeted to double global capability centres in the State to 1,000 by 2029, they said.

According to officials, a key highlight of the policy is the establishment of Global Innovation Districts, with three new state-of-the-art technology parks — one in Bengaluru and two in "Beyond Bengaluru" clusters.

These parks will feature cutting-edge infrastructure to foster collaboration between startups, tech leaders, and academia. Anchor investors in these districts will receive special incentives, with mega projects eligible for customised packages, they said.

"To support AI research, the government will establish a Centre of Excellence (CoE) for AI in Bengaluru, operating through a hub-and-spoke model across academic institutions. An AI Skilling Council with industry participation will also be launched, with the government funding curriculum development," an official statement said.

Speaking at the event, Information Technology and Biotechnology Minister Priyank Kharge said: "Today, we proudly launch India's first dedicated policy for Global Capability Centres (GCCs), reaffirming Karnataka's position as the top destination for innovation and business transformation. GCCs have evolved from back-office operations to becoming critical drivers of global strategic initiatives, R&D, and technology solutions."

He emphasised that with a workforce of over 1.2 million and contributing USD 22.2 billion to the economy, GCCs have been a vital source of growth and employment for Karnataka.

A key element of the policy is the creation of the GCC Acceleration and Investment Network, a strategic body comprising global leaders and industry experts. This network will guide Karnataka’s GCC initiatives, attract investments, promote innovation, and drive talent development.

According to officials, this policy is designed to enhance investor confidence, promote seamless collaboration with the local innovation ecosystem, and position Karnataka as a global leader in AI research and development. -PTI