MP unveils India’s first dedicated GCC policy
1 month, 1 week ago

MP unveils India’s first dedicated GCC policy

Live Mint  

Bhopal, Feb 14 Madhya Pradesh has become the first state in the country to bring a dedicated Global Capability Centre policy that looks to position the state as a leading hub for global innovation and collaboration. The Madhya Pradesh GCC Policy 2025 combines incentives for capital expenditure, payroll, upskilling, and research and development with a designated nodal agency responsible for its implementation, according to a state government note. The policy was unveiled ahead of Madhya Pradesh's binennial Global Investors' Summit in Bhopal on February 24-25 that aims to attract investment and showcase the state's economic potential. Madhya Pradesh houses over five Special Economic Zones, 15 IT parks, and 150 ESDM units across key cities like Indore, Bhopal, and Jabalpur which defines its infrastructure readiness. The Madhya Pradesh GCC Policy 2025 aims to transform the state & tier-2 cities into global hubs of innovation and excellence, nurturing an ecosystem where multinational corporations can thrive.

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