Gujarat Launches GCC Policy to Attract $1.2 Billion

14 Feb 2025 CW Team

The policy provides capital expenditure (CAPEX) assistance of up to $24 million and operational expenditure (OPEX) support of up to $4.8 million, along with 100% electricity duty exemption for five years and a 7% interest subsidy on term loans.

Investment Categories & Workforce Incentives The policy categorizes GCCs based on Gross Fixed Capital Investment (GFCI):

Category-1 (GFCI below $30 million): CAPEX support of up to $6 million and OPEX assistance of up to $2.4 million. Category-2 (GFCI above $30 million): CAPEX support of up to $24 million and OPEX assistance of up to $4.8 million. To boost employment, the policy covers 50% of an employee’s first-month salary, capped at $6,000 for male employees and $7,200 for female employees. Additionally, businesses will receive 100% EPF reimbursements for female employees and 75% for male employees under the Atmanirbhar Gujarat Rojgar Sahay Yojana.

Skill Development & Infrastructure Growth The initiative also promotes skill development, offering up to $6,000 per candidate for professional upskilling, with 50% reimbursement for working professionals and 75% for students. Companies can also receive 80% reimbursement on certification costs, up to $12,000 for five certifications.

Gujarat’s smart city projects and innovation clusters in Ahmedabad, Gandhinagar, Vadodara, and Surat, along with GIFT City, are expected to further enhance the state’s appeal. The policy integrates renewable energy incentives to encourage green business practices.

A Game-Changer for Gujarat’s Economy With a business-friendly approach, strong financial incentives, and sustainability focus, the Gujarat GCC Policy is set to compete with major IT hubs like Bengaluru and Hyderabad. As the policy unfolds, Gujarat is positioning itself as a global destination for high-value business and technology investments.

Gujarat has launched its Global Capability Centre (GCC) Policy 2025-30, targeting investments of over $1.2 billion and the creation of 50,000 new jobs. The policy aims to position Gujarat as a premier destination for technology, finance, analytics, and R&D, offering structured incentives to attract multinational corporations. The policy provides capital expenditure (CAPEX) assistance of up to $24 million and operational expenditure (OPEX) support of up to $4.8 million, along with 100% electricity duty exemption for five years and a 7% interest subsidy on term loans. Investment Categories & Workforce Incentives The policy categorizes GCCs based on Gross Fixed Capital Investment (GFCI): Category-1 (GFCI below $30 million): CAPEX support of up to $6 million and OPEX assistance of up to $2.4 million. Category-2 (GFCI above $30 million): CAPEX support of up to $24 million and OPEX assistance of up to $4.8 million. To boost employment, the policy covers 50% of an employee’s first-month salary, capped at $6,000 for male employees and $7,200 for female employees. Additionally, businesses will receive 100% EPF reimbursements for female employees and 75% for male employees under the Atmanirbhar Gujarat Rojgar Sahay Yojana. Skill Development & Infrastructure Growth The initiative also promotes skill development, offering up to $6,000 per candidate for professional upskilling, with 50% reimbursement for working professionals and 75% for students. Companies can also receive 80% reimbursement on certification costs, up to $12,000 for five certifications. Gujarat’s smart city projects and innovation clusters in Ahmedabad, Gandhinagar, Vadodara, and Surat, along with GIFT City, are expected to further enhance the state’s appeal. The policy integrates renewable energy incentives to encourage green business practices. A Game-Changer for Gujarat’s Economy With a business-friendly approach, strong financial incentives, and sustainability focus, the Gujarat GCC Policy is set to compete with major IT hubs like Bengaluru and Hyderabad. As the policy unfolds, Gujarat is positioning itself as a global destination for high-value business and technology investments.

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