Gujarat’s ambitious GCC policy to attract Rs 10,000-crore investment

Gujarat has launched an aggressive Global Capability Centre (GCC) Policy 2025-30, aiming to establish itself as a hub for global companies looking to set up captive units in India. 

The policy, unveiled by Chief Minister Bhupendra Patel at GIFT City, targets 250 new facilities, 50,000 jobs, and Rs 10,000 crore in investments.

Gujarat's GCC policy offers a slew of incentives to attract companies, including capital expenditure support of up to Rs 200 crore and operational expenditure assistance of up to Rs 40 crore. To encourage local hiring, the government will provide a one-time reimbursement covering 50% of one month's Cost-to-Company (CTC) for newly recruited employees.

Gujarat Chief Minister Bhupendra Patel launched the policy on February 11 in the presence of GIFT City Managing Director Shri Tapan Ray, Director of NITI Aayog Shri DebjaniGhosh, Principal Secretary of the Department of Science and Technology Smt. Mona Khandhar, and prominent entrepreneurs.

The policy also includes a 7% interest subsidy on term loans, full reimbursement of electricity duty, and support for employer contributions to the Employees' Provident Fund (EPF). Companies pursuing quality certifications will be eligible for financial assistance, with the government covering up to 80% of certification costs.

Gujarat's move follows Karnataka's GCC Policy, launched last year, which targets 500 new GCCs by 2029, creating 3.5 lakh new jobs and generating an economic output of $50 billion. GCCs have seen a historic rise in India, providing services in operation, product development, and innovation, and are expected to contribute 3.5% of India's GDP by 2030.

The focus on GCCs was also highlighted in the Union Budget 2025-26, with Finance Minister Nirmala Sitharaman announcing a national framework to guide states in promoting GCCs. Experts emphasize the need for cooperation between stakeholders to ensure the policy's long-term success.

Tapan Ray, MD and Group CEO, GIFT City, welcomed the policy, saying, “GIFT City is emerging as a prime destination for GCCs, with its integrated ecosystem, strategic initiatives in fintech, Artificial Intelligence, and higher education, ensuring that GCCs have the right resources to thrive.”