Karnataka aims to double GCCs to 1,000, creating 350,000 jobs by 2029

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Karnataka aims to double GCCs to 1,000, creating 350,000 jobs by 2029 - Business Standard

Quick Summary:

To support this initiative, the government plans to set up three new tech parks, fund skills training courses, and provide grants for research projects, particularly those focused on artificial intelligence.

The Karnataka government has stated that the new incentives aim not only to enhance the state’s GCC footprint in Bengaluru but also to encourage companies to establish operations in emerging cities such as Mangaluru, Mysuru, and Tumakuru.

The retail and e-commerce GCC sectors are anticipated to experience even stronger growth, with expected CAGRs of 8.4 per cent, followed by healthcare at 7.5 per cent.