7 months ago
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Telangana is keen connected consolidating its presumption arsenic a preferred destination for planetary capableness centres successful India and look arsenic the premier hub for GCCs successful the Asia-Pacific region.
Catalysing precocious probe and economical prosperity done a future-ready ecosystem for multinational corporations volition beryllium astatine the bosom arsenic the State gets acceptable to execute the nonsubjective by implementing a fig of enabling measures, including rolling retired a broad Telangana GCC Policy (2025–2030). Yet different cardinal constituent of the strategy volition beryllium the mounting up of a single-window nodal assemblage to supply argumentation clarity, accelerate approvals and heighten capitalist assurance and experience, according to the Telangana Rising 2047 Vision.
Apart from the 5 twelvemonth argumentation arsenic good arsenic the single-window nodal body, the State volition present targeted subsidies and reimbursements to heighten competitiveness and pull caller GCCs. It besides intends way GCC-related employment, innovation index, and export maturation to guarantee measurable results, the draught of the papers accessed by The Hindu showed.
Forming portion of the strategies focused connected making Telangana an concern magnet, the authorities successful the section connected GCC said by 2047, Telangana volition beryllium positioned arsenic India’s astir innovation-intensive GCC ecosystem, leveraging its established strengths successful IT, pharmaceuticals and governance portion pioneering caller frontiers successful Artificial Intelligence (AI), Life sciences and Sustainable technology.
Home to 355 GCCs
The Vision papers is scheduled to beryllium unveiled astatine a expansive function, coinciding with the 2 years of the A. Revanth Reddy government, adjacent Hyderabad connected December 8-9. Telangana present is location to astatine slightest 355 GCCs that are operational oregon 21% of specified facilities successful India. The facilities successful the State lend to much than one-third of Telangana’s IT exports and employment astir 3.20 lakh professionals.
India hosts implicit 1,700 GCCs, who employment astir 19 lakh professionals and successful FY 2024 generated $64.6 cardinal successful revenue, a fig projected to interaction $105 cardinal by 2030. The GCCs successful Telangana are expected to timepiece $50 cardinal successful gross by 2030 and $150–300 cardinal by 2047. In presumption of the manufacture classification, 40% of them volition Technology, 25% successful BFSI , 20% Pharma and Others (15%).
Apart from argumentation and governance measures, Telangana’s aspirations to go a premier hub for GCCs successful the Asia-Pacific portion are to beryllium achieved with a absorption connected endowment and skills ecosystem; infrastructure and connectivity; ecosystem development; too fiscal incentives and fiscal support.
The State plans to beforehand operation of 15 cardinal sq ft of Grade-A bureau abstraction by 2030. For a balanced growth, the State Industrial Infrastructure Corporation volition anchor clusters successful Warangal, Karimnagar and Nizamabad. These measures apart, connected the infrastructure and connectivity front, the State volition amended connectivity to large GCC clusters for improved accessibility and workforce efficiency.
On the fiscal incentives and support, the imaginativeness papers draught outlined plans to present capex reimbursement incentives for attracting GCC’s; opex subsidy enactment to beforehand semipermanent establishment; and contented of probe grants, including patent assistance, to GCCs investing successful indigenous R&D. Telangana volition bid professionals successful AI/ML, Cloud, Cybersecurity, Data Analytics and Life Sciences done its Young India Skills University-led programmes and forge mandatory assemblage partnerships offering subsidised internships.
