Contact Information

37 Westminster Buildings, Theatre Square,
Nottingham, NG1 6LG

We Are Available 24/ 7. Call Now.

The Gujarat Global Capability Centre Policy (2025-30) unveiled at Gandhinagar on Tuesday aims to set up at least 250 new Global Capability Centres (GCCs) in Gujarat which will attract Rs 10000 crore in investments and 50000 jobs.

Formulated by the Department of Science and Technology, this policy aims to establish Gujarat as a premier hub for Global Capability Centres by driving high-value employment, skill development, innovation, and digital transformation. It also emphasizes strengthening infrastructure, improving connectivity, and sustaining economic growth to enhance global competitiveness. Gujarat chief minister Bhupendra Patel formally unveiled the policy at GIFT City, 

The policy extends a range of incentives, including employment assistance, interest subsidies, and electricity reimbursement for new capability centres. Chief Minister Bhupendra Patel stated that this initiative has opened new avenues for establishing Global Capability Centres in the state.

Highlighting the critical role of Global Capability Centres in driving digital transformation, innovation, and business resilience, the Chief Minister noted that while these centres were initially set up as cost-saving units, they have evolved into strategic innovation hubs. Today, they deliver services across various domains, including technology, finance, analytics, engineering, and research & development. 

The policy will provide a Capital expenditure (CAPEX) assistance of up to ₹50 crore for units with a Gross Fixed Capital Investment (GFCI) below ₹250 crore and up to ₹200 crore for those with a GFCI above ₹250 crore. It will also provide an Operational expenditure (OPEX) assistance of up to ₹20 crore for units with a GFCI below ₹250 crore and up to ₹40 crore for those with a GFCI above ₹250 crore.

Employment generation incentives under GCC policy, includes one-time assistance of 50% of one month’s Cost-to-Company (CTC) for newly recruited local employees retained for at least one year, with up to ₹50,000 for male employees and ₹60,000 for female employees. It also offers a 7 per cent interest subsidy on term loans under the Special Incentive Policy, with a cap of ₹1 crore. It provides reimbursement of the employer’s statutory Employee Provident Fund (EPF) contribution under the Atmanirbhar Gujarat Rojgar Sahay Yojana, covering up to 100% for female employees and 75% for male employees.

Apart from this, the policy also offers full reimbursement of electricity duty paid to the Government of Gujarat, skill development incentives, offering up to 50% reimbursement of course fees for working professionals and up to 75 per cent for undergraduate and graduate students and Financial support for quality certification, covering up to 80 per cent of certification costs, subject to a maximum of ₹10 lakh.

Bhupendra Patel stated that the Gujarat Global Capability Centre Policy aims to create a world-class ecosystem that nurtures innovation and establishes Gujarat as a premier destination for GCCs. The Chief Minister also mentioned that this year’s Union Budget, includes a special plan to promote Global Capability Centres across the country and expand opportunities for the talent pool in smaller cities. 



Source link


administrator

Leave a Reply

Your email address will not be published. Required fields are marked *