BENGALURU: Karnataka govt has launched India’s first GCC (international functionality centres) coverage with an purpose of making 500 new GCCs by 2029, producing an financial output of $50 billion.
Karnataka has distinguished itself as a trailblazer within the GCC panorama, boasting a presence of over 500 GCCs with a market dimension of $22 billion and using over six lakh staff.The five hundred new GCCs are anticipated to create 3.5 lakh new jobs in Karnataka by 2029.
Karnataka govt is providing a reimbursement of 20% of skilling bills as much as Rs 36,000 per graduate and Rs 18,000 for diploma holders. That is relevant for any new or present GCCs with a minimal of 100 staff. To arrange innovation labs and centres of excellence, state govt will fund as much as 40% of capital expenditure (as much as Rs 4 crore) in Bengaluru city district.
For GCCs transferring past Bengaluru, govt will present as much as 80% reimbursement of high quality certification charges, with a most restrict of Rs 8 lakh for GCCs working past Bengaluru. It is going to additionally present as much as 50% reimbursement of the statutory charges for patent filings to GCCs as much as Rs 3 lakh for home patents. Every GCC is eligible to make use of this profit yearly.
“GCCs have developed from back-office operations to be crucial drivers of worldwide strategic initiatives and expertise options. With a workforce of over 1.2 million and contributing $22.2 billion to financial system, GCCs have been a significant supply of progress and employment for Karnataka. With this coverage, we anticipate GCCs to develop at a compounded annual fee of 12-14% over subsequent decade and foresee Karnataka holding practically 50% of nationwide GCC market share by 2029,” state IT minister Priyank Kharge mentioned.
