Govt. to draft policy for GCCs in view of the ever increasing demand
The State Government is drafting a policy to promote the establishment of global capability centres (GCCs) by international companies. Chief Minister A. Revanth Reddy emphasized the need to incentivize companies to set up units in underserved areas beyond the Core Urban Regional Economy. The initiative aims to decentralize GCCs and enhance infrastructure, including a focus on net zero principles and the establishment of a dedicated investment promotion agency.
- ▪The government plans to draft a comprehensive policy for setting up global capability centres in the state.
- ▪Chief Minister A. Revanth Reddy has directed officials to encourage GCCs beyond the Core Urban Regional Economy.
- ▪A dedicated investment promotion agency named 'Invest Telangana' will be created to facilitate investor needs.
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The State Government is embarking upon drafting a comprehensive policy for setting up global capability centres (GCCs) in the State by reputed global companies.Chief Minister A. Revanth Reddy has asked the Industries and Infrastructure department officials to formulate a policy so that the companies opting to establish their units beyond the Core Urban Regional Economy (CURE) are encouraged and incentivised. Setting up of GCCs classified as CURE and beyond CURE along the national highways connecting Nizamabad, Karimnagar and Warangal should be encouraged.He wanted a few clusters to be identified beyond CURE with a view to decentralising GCCs to Tier-II and III locations so that underserved areas along the highways could be promoted for setting up GCCs as well as data centres.
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