Uttar Pradesh is positioning itself as the next major hub for Global Capability Centres (GCCs) in India, with the launch of its ambitious GCC Policy 2024 aimed at attracting global players to the state. The announcement was made by Chief Secretary Manoj Kumar Singh (IAS: 1988 batch) during a high-profile seminar organized by Invest UP.
Singh highlighted the state’s favourable business climate, modern infrastructure, and investor-friendly policies as key factors driving interest from multinational corporations and global investors. The seminar brought together top decision-makers from the tech industry, major corporations, and government, all keen on exploring Uttar Pradesh’s expanding economic landscape beyond traditional metro cities.
Major Announcement: Noida-Style City Planned in Bundelkhand
In a significant development, the Chief Secretary announced plans to build a new, Noida-like city in Bundelkhand, aimed at decentralizing industrial growth and boosting the economy of underdeveloped regions.
“Uttar Pradesh has emerged as one of the most investor-friendly states in the country,” Singh said. “With a robust land bank and proactive policy support, cities like Jhansi in Bundelkhand will soon become major industrial hubs.”
He further noted that Tier-2 and Tier-3 cities in the state are experiencing rapid growth in infrastructure and industry, reinforcing UP’s status as a top investment destination.
Key Focus Areas for GCC Growth
The seminar emphasized four key pillars essential for the success of Global Capability Centres:
Commercial Real Estate: Availability of regulated office spaces, with support from CREDAI and implementation of progressive building by-laws.
Talent Ecosystem: A skilled workforce backed by a strong network of academic and technical institutions.
Business Environment: Transparent governance and policy reforms improving ease of doing business.
Infrastructure: Continued development of both physical and digital infrastructure.
State Government Pledges Full Investor Support
Alok Kumar, Principal Secretary for Infrastructure and Industrial Development, stated, “A developed India begins with developed states,” reaffirming the government’s full support for investors in the GCC, IT/ITES, and BPM sectors.
India-Wide and Global Outreach Initiatives
To further investor engagement, the state is planning a series of GCC-focused conferences across major Indian cities like Bengaluru, Chennai, and Hyderabad. Additionally, international roadshows are scheduled in the United States and Europe to attract foreign direct investment and establish connections with global capital markets.
Digital Expansion and Industry Confidence
Anurag Yadav, Principal Secretary, IT and Electronics Department, spoke about the state’s rapid digital infrastructure development and future-ready policies in the IT and electronics domains. These initiatives are drawing significant interest from companies in the BPM and software services industries.
