The Maharashtra government on Tuesday unveiled its Global Capability Centre (GCC) Policy 2025, positioning the state as a leading destination for multinational companies setting up innovation and technology hubs in India.
With a target of attracting investments worth Rs 50,600 crore and generating four lakh highly skilled jobs, the policy offers a mix of fiscal and non-fiscal incentives for companies establishing GCCs. The package includes capital and rental subsidies, payroll support, interest subsidies, and exemptions on property tax, stamp duty, and electricity duty. Non-fiscal measures extend to industry status for GCCs, additional FSI, right of way, and uninterrupted utilities.
The policy aligns with the growing momentum around GCCs in India, a sector that has expanded significantly in recent years. Industry estimates reveal the country now hosts more than 1,700 GCCs employing 2.5 million professionals and generating over $65 billion in revenue.
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Several states, including Uttar Pradesh, Gujarat, Karnataka, Kerala, and Andhra Pradesh, have introduced their own GCC policies, intensifying competition in this space. Maharashtra aims to leverage its strengths and attract around 400 new GCCs, extending the growth footprint beyond Mumbai and Pune to emerging hubs like Nashik, Nagpur, and Chhatrapati Sambhajinagar.
The policy identifies priority sectors such as aerospace and defence, agro and food processing, pharmaceuticals and chemicals, renewable energy, textiles, automotive, IT/ITES, and gems and jewellery. To further facilitate growth, the state plans to build a ‘Digital Databank’ to map talent, resources, and connectivity, helping new GCCs identify optimal locations.