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Uttar Pradesh Unveils New Policy to Attract Global Capability Centres in 2024
The Uttar Pradesh government has launched the Uttar Pradesh Global Capability Centres Policy, 2024, aiming to attract more multinational corporations to set up their captive technology and business operations within the state. This initiative seeks to boost employment, foster economic growth, and position UP as a hub for advanced tech and business services.
GCC Investments Surge in India's Tech and BFSI Sectors as Ease of Doing Business Improves
Global Capability Centres (GCCs) are significantly increasing their footprint in India, particularly within the Banking, Financial Services, and Insurance (BFSI) and technology sectors. According to Nasscom, this surge is driven by India's improved regulatory environment and the availability of high-end digital talent.
GCCs to Drive Nearly Half of India's Office Leasing by 2026
Global Capability Centres (GCCs) are set to dominate India's office leasing market, potentially accounting for almost half of all space leased by 2026. In the first half of 2026, GCCs leased 16.6 million sq ft of Grade A office space, representing 46% of total leasing across seven major Indian cities.
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