CM Yogi cabinet approves SOP-2025 for implementation of Uttar Pradesh GCC Policy-2024
The decision is being viewed as a significant step by the Yogi Adityanath government towards establishing Uttar Pradesh as a global service hub.
Lucknow, January 8: The Uttar Pradesh cabinet, chaired by Chief Minister Yogi Adityanath, has approved the Rules-2025 for effective implementation of the Uttar Pradesh Global Capability Centres (GCC) Policy-2024, marking a major step towards positioning the state as a global services hub.
With the approval of the standard operating procedures, the state government expects fresh momentum in global investment, expansion of high-end services and large-scale employment generation, particularly for skilled youth.
Under the approved rules, Invest UP has been designated as the nodal agency for implementation of the GCC policy. The rules will come into effect from the date of notification of the GCC Policy-2024 and will remain in force until amended or withdrawn by the state government.
Informing about the cabinet decision, industrial development minister Nand Gopal Gupta Nandi said the investment climate in Uttar Pradesh has improved significantly, leading to increased interest from major industrial groups and multinational companies. He said the GCC policy is highly beneficial for the state and the SOP has been introduced to ensure its smooth and effective execution.
According to the minister, investment under the GCC framework is steadily rising, with 21 companies already commencing investments in the current financial year. These investments are expected to generate substantial employment opportunities across sectors.
As per the approved rules, a GCC is defined as a captive unit set up by an Indian or foreign company to undertake strategic and high-value functions such as information technology, research and development, finance, human resources, design, engineering, analytics and knowledge services.
To attract GCC investments, the policy offers a comprehensive package of financial incentives, including front-end land subsidy, exemption or reimbursement of stamp duty, capital and interest subsidies, operational expenditure subsidy, payroll and recruitment support, EPF reimbursement, talent development and skill incentives, and research and innovation support. Special incentives may also be extended on a case-to-case basis.
In addition to fiscal incentives, GCC units will receive non-financial support such as technical assistance groups, industry linkage facilitation, regulatory support, time-bound clearance of applications and a streamlined approval and incentive disbursement mechanism.
The rules clarify that incentives granted under the GCC framework will be over and above benefits available under any Government of India scheme or policy. In case of legal disputes, jurisdiction will rest exclusively with courts located in Lucknow, and incentive disbursements will be made in accordance with finance department rules and government orders.
The decision is being viewed as a significant step by the Yogi Adityanath government towards establishing Uttar Pradesh as a global service hub. With effective implementation of the GCC policy, the state is expected to attract high-skill-based investments and create new employment opportunities for the youth across IT, R&D and allied knowledge-driven sectors.
