News Brief
Vansh Gupta
Feb 11, 2025, 05:48 PM | Updated 05:48 PM IST
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Gujarat Chief Minister Bhupendra Patel on Tuesday (11 February) launched the Gujarat Global Capability Centre (GCC) Policy 2025-30 at GIFT City, Gandhinagar, reported The Economic Times.
Developed by the Department of Science and Technology, the policy aims to position Gujarat as a leading hub for Global Capability Centres (GCCs) by driving high-value employment, fostering innovation, and strengthening digital transformation.
The policy outlines an ambitious target to establish at least 250 new GCC units in Gujarat, generating over 50,000 jobs. To support companies investing in the state, the government has announced financial incentives, including:
— Capital Expenditure (CAPEX) Assistance:
Up to Rs 50 crore for units with Gross Fixed Capital Investment (GFCI) below Rs 250 crore.
Up to Rs 200 crore for units with GFCI above Rs 250 crore.
— Operational Expenditure (OPEX) Assistance:
Up to Rs 20 crore for units with GFCI below Rs 250 crore.
Up to Rs 40 crore for units with GFCI above Rs 250 crore.
The policy also includes employment generation incentives to encourage recruitment and workforce development:
— One-time assistance covering 50 per cent of one month’s Cost-to-Company (CTC) for newly recruited local employees retained for at least one year:
Up to Rs 50,000 for male employees.
Up to Rs 60,000 for female employees.
— Reimbursement of employer’s statutory Employee Provident Fund (EPF) contribution under the Atmanirbhar Gujarat Rojgar Sahay Yojana:
100 per cent EPF reimbursement for female employees.
75 per cent EPF reimbursement for male employees.
— Skill Development Incentives:
Up to 50 per cent reimbursement of course fees for working professionals.
Up to 75 per cent reimbursement for undergraduate and graduate students.
Financial support for quality certification covering up to 80 per cent of certification costs, capped at Rs 10 lakh.
Speaking at the event, CM Bhupendra Patel emphasised that the GCC Policy 2025-30 will create a world-class ecosystem that nurtures innovation and strengthens Gujarat's position as a premier destination for GCCs.
He highlighted that Gujarat has adopted a policy-driven approach, supporting emerging industries through sector-specific policies such as semiconductor Policy, green Hydrogen Policy, IT and ITeS Policy, textile Policy, Renewable Energy Policy, biotechnology Policy
CM Patel also stressed Gujarat’s role in developing world-class infrastructure and a talent-driven ecosystem, aligned with the Prime Minister’s vision for economic growth. He pointed to major infrastructure projects, including GIFT City, and Innovation Clusters in Ahmedabad, Gandhinagar, Vadodara, and Surat.
Vansh Gupta is an Editorial Associate at Swarajya.