Rama Krishna Sangem
The Karnataka government unveiled several key initiatives, including the Global Capability Centres (GCC) Policy and skilling programmes, at the 27th edition of Bengaluru Tech Summit (BTS) 2024. Karnataka plans to set up three innovation districts for Global Capability Centres (GCCs) in the state, which will serve as global hubs for innovation and research.
The market size of India’s global capability centres (GCCs) is likely to grow to $99 billion-$105 billion by 2030 from $64.6 billion in FY24, according to a report by IT industry body Nasscom and consulting firm Zinnov.
“We will establish three dedicated global innovation districts in Bengaluru, Mysuru, and Belagavi. These will be dedicated parks for GCCs,” Chief Minister Siddaramaiah said. “The launch of India’s first Policy Centre for GCCs and the Nipuna Karnataka programme, aimed at skilling 100,000 individuals in cutting-edge technologies, reflects our commitment to empowering local talent and fostering global competitiveness. The Centre of Excellence in AI, in collaboration with IIT Alumni Center Bangalore, positions Karnataka as a hub for advanced R&D and startup innovation,” said Siddaramaiah.
100 new GCCs by 2029
The Karnataka Global Capability Centres (GCC) Policy 2024 aims to attract the establishment of 500 new GCCs in Karnataka, achieving a total of 1,000 GCCs in Karnataka by 2029. It would support the creation of 3.5 lakh new jobs in Karnataka by 2029. The aim is also to generate an economic output of $50 billion in Karnataka through the GCCs established by 2029.
Karnataka has a vibrant ecosystem hosting over 875 esteemed Global Capability Centre (GCC) units. The state boasts the largest share of India’s GCC talent, with approximately 35 per cent of the country’s GCC workforce contributing to its economy. In recent years, these centres have evolved from traditional back-office roles to become crucibles of innovation, reflecting a significant climb up the value chain.
D K Shivakumar, deputy chief minister, Government of Karnataka, said the state is home to over 650 GCCs, hosting the largest share of India’s GCC talent. “Our city, Bengaluru, is home to around 400 Fortune 500 companies. Karnataka is the global destination for startups, and I’m proud to say that the world’s tech leaders call Karnataka home,” said Shivakumar.
Priyank M Kharge, minister for electronics, IT, Bt and rural development and panchayat raj, Government of Karnataka, said Karnataka is reinforcing its position as a preeminent hub for innovation and business services with the introduction of the Karnataka Global Capability Centres (GCC) Policy 2024.
