Karnataka unveils GCC policy, aims to generate USD 50 billion economic output by 2029
Bengaluru (PTI): The Karnataka Government on Friday launched a draft Global Capacity Centres (GCC) policy with the aim to generate USD 50 billion economic output and attract 500 new GCCs by 2029, creating 3.5 lakh jobs.
According to officials, this policy is designed to enhance investor confidence, promote seamless collaboration with the local innovation ecosystem, and position Karnataka as a global leader in AI research and development.
Crafted through extensive industry research and stakeholders consultations, it draws insights from over 500 discussions with experts and industry leaders, they said, adding, the result is a comprehensive framework that sets ambitious goals for growth, incentives, and collaboration.
Speaking at the event, Information Technology and Biotechnology Minister Priyank Kharge said: "Today, we proudly launch India's first dedicated policy for Global Capability Centres (GCCs), reaffirming Karnataka's position as the top destination for innovation and business transformation. GCCs have evolved from back-office operations to becoming critical drivers of global strategic initiatives, R&D, and technology solutions."
He emphasised that with a workforce of over 1.2 million and contributing USD 22.2 billion to the economy, GCCs have been a vital source of growth and employment for Karnataka.
"Through this policy, we expect the GCC sector to grow at a compound annual rate of 12-14 per cent over the next decade and foresee Karnataka holding nearly 50 per cent of the National GCC market share by 2029. We are committed to creating an ecosystem that fosters innovation, supports R&D, and nurtures top talent, ensuring Karnataka remains the most attractive destination for GCCs globally," Kharge said.
The draft policy is now open for public comments, and the government invited inputs from all stakeholders to refine and strengthen the policy further.
Secretary to the Government of Karnataka's Department of Electronics, IT, BT and S&T, Ekroop Caur, presented an overview of the draft GCC policy, detailing its objectives, vision, and goals and emphasised that it seeks to expand the GCC ecosystem beyond Bengaluru through the introduction of the 'Beyond Bengaluru Package', aimed at attracting investments and fostering development across the state.
"Our target is to establish 500 new GCCs by 2029, which will create 3.5 lakh new jobs and generate an economic output of USD 50 billion," she said.
According to officials, a key highlight of the policy is the establishment of Global Innovation Districts, with three new state-of-the-art technology parks — one in Bengaluru and two in "Beyond Bengaluru" clusters.
These parks will feature cutting-edge infrastructure to foster collaboration between startups, tech leaders, and academia. Anchor investors in these districts will receive special incentives, with mega projects eligible for customised packages, they said.
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Congress standing with CM Siddaramaiah, will support him, says party President Kharge
Bengaluru (PTI): Congress President M Mallikarjun Kharge on Friday said the party is standing with Karnataka Chief Minister Siddaramaiah and will support him as he faces a probe by Lokayukta police in the Mysuru Urban Development Authority (MUDA) site allotment case.
Rejecting BJP's demand for Siddaramaiah's resignation, he noted that "neither a chargesheet is filed, nor he is convicted," and said, "let the law take its own course, and when a situation comes, the party will examine."
"When the Godhra incident happened, whether (Narendra) Modi ji had resigned (as the then Gujarat CM)? Several cases were also pending against him at that time, even against Mr Shah (Union Home Minister Amit Shah)," Kharge said in response to a question on BJP questioning CM's moral right to continue, with FIR slated to be registered against him.
Speaking to reporters here, he said: "Don't target a particular person to damage his image, through him the party will also be damaged. Your (BJP) interest is to damage the Congress party, not the individual. He may be here today or may not be, the party will continue. Just to destroy the Congress party and the Congress party's base votes, they want to destroy, that is why they are doing this."
Let the law take its own course, and when a situation comes, the party will examine it at that time, he further said. "Now nothing is there, (but) every day I'm seeing that MUDA, MUDA. Crores of rupees (have been) swallowed by industrialists, Rs 16 lakh crore of their debt have been written off, and now you are taking one small issue and fighting. That too neither chargesheet is filed, nor he is convicted. Every day this is news. I'm fed up seeing all these things."
Asked whether the Congress high command will stand with the Chief Minister, even after the registering of FIR, Kharge said: "that is a hypothetical question. We are standing with him, we will support him, because he represents the party, not (an) individual."
A Special Court here on Wednesday ordered a Lokayukta police probe against Siddaramaiah in the case, setting the stage for filing of an FIR against him.
The order of the Special Court Judge, Santhosh Gajanan Bhat, came a day after the High Court upheld the sanction granted by the Governor Thaawarchand Gehlot to conduct an investigation against Siddaramaiah on the allegations of illegalities in the allotment of 14 sites to his wife B M Parvathi by MUDA.
The Special Court exclusively to deal with criminal cases related to former and elected MPs/MLAs issued the order directing the Lokayukta police in Mysuru to initiate an investigation on the complaint filed by RTI activist Snehamayi Krishna.
In the MUDA site allotment case, it is alleged that compensatory sites were allotted to Siddaramaiah's wife in an upmarket area in Mysuru, which had higher property value as compared to the location of her land which had been "acquired" by MUDA.
The MUDA had allotted plots to Parvathi under a 50:50 ratio scheme in lieu of 3.16 acres of her land, where it developed a residential layout.
Under the controversial scheme, MUDA allotted 50 per cent of developed land to the land losers in lieu of undeveloped land acquired from them for forming residential layouts.
It is alleged that Parvathi had no legal title over this 3.16 acres of land at survey number 464 of Kasare village, Kasaba hobli of Mysuru taluk.
