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Bhubaneswar, Nov 21 (IANS) The state government approved the Odisha Global Capability Center (GCC) Policy, 2025 during a cabinet meeting chaired by Chief Minister Mohan Charan Majhi at Lok Seva Bhawan here on Friday.
The policy aims to attract leading multinational corporations (MNCs) to set up and expand their GCCs in Odisha by providing a strong ecosystem of world-class infrastructure, skilled talent and progressive incentives.
Speaking to media persons after the Cabinet meeting, Chief Secretary Manoj Ahuja on Friday said there is currently a global trend by multinational companies to shift their R&D, software development and designing facilities to developing countries like India to take advantage of cost advantages and regional talent.
He further said that currently, around 1800 GCCs are established in India and employ 21 lakh people.
Meanwhile, seven states have already formulated a special GCC policy. Ahuja further said that with the approval of the state cabinet, Odisha has become the eighth state to formulate a dedicated policy for setting up a GCC.
“In line with the state’s long-term development roadmap under Vikit Odisha 2036 and 2047, the policy envisages facilitating investments of over Rs 1,000 crore, setting up at least 5 state-of-the-art GCC hubs, starting Bhubaneswar, Cuttack-Puri-Paradip and Bargarh-Jharsuguda-Sambalpur economic zones and creating over 50,000 direct and indirect employment opportunities across the state.” The state government was informed about this in an official statement.
This policy, a top-up to the recently announced Odisha IT Policy 2025, allows eligible GCC units to avail benefits related to land rates, lease rental, human capital upskilling, electricity charges, interest subsidy, marketing, SGST reimbursement, R&D and PF/ESI contribution as per the newly unveiled Odisha IT Policy 2025.
“In addition, the GCC policy introduces special incentives tailored to the needs of the region, including capital and infrastructure support, relocation assistance for domestic and international firms, co-working space rental subsidies, internship and recruitment support and customized packages for mega GCCs,” the government further said.
A Policy Advocacy and Vision Group (PAVG) comprising experts from academia, industry and policy will guide the implementation, while the Odisha Computer Applications Center (OCAC) will act as the nodal agency.
The State Electronics and Information Technology (E&IT) Department will periodically review the progress and make improvements in the policy to maintain the competitive edge of Odisha.
The Odisha Cabinet during its meeting on Friday approved 12 major proposals brought by nine departments.
–IANS
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