Has Odisha Cabinet Approved the Global Capabilities Centre Policy 2025?
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Synopsis
The Odisha state government has taken a significant step by approving the Global Capabilities Centre Policy 2025, aiming to attract multinational corporations into the region. This initiative is set to boost job creation and foster economic development, aligning with the state's strategic vision for the future.
Key Takeaways
- The Odisha Cabinet has approved the Global Capabilities Centre Policy 2025.
- Policy aims to attract MNCs with robust infrastructure and incentives.
- Over 50,000 jobs expected to be created across the state.
- Aligns with Odisha’s long-term development vision for 2036 and 2047.
- Additional benefits include support for land, leasing, and human capital development.
Bhubaneswar, Nov 21 (NationPress) The Odisha state government has officially greenlit the Global Capabilities Centre (GCC) Policy, 2025, in a cabinet session led by Chief Minister Mohan Charan Majhi at the Lok Seva Bhawan on Friday.
The primary goal of this policy is to entice major multinational corporations (MNCs) to set up and enhance their GCCs in Odisha by providing a strong framework of top-tier infrastructure, skilled workforce, and attractive incentives.
After the cabinet meeting, Chief Secretary Manoj Ahuja shared with the media that there’s a growing global phenomenon where MNCs are moving their R&D, software development, and design operations to developing nations like India, capitalizing on cost efficiencies and local talent.
He also noted that approximately 1,800 GCCs are currently operational in India, employing around 21 lakh individuals.
In addition, seven other states have already implemented specific GCC policies. With this approval, Odisha becomes the eighth state to establish a dedicated framework for GCCs.
“This initiative is in line with the State’s long-term vision as outlined in Viksit Odisha 2036 and 2047, aiming to facilitate investments exceeding 1,000 crore to create at least five advanced GCC hubs across key economic regions like Bhubaneswar, Cuttack-Puri-Paradip, and Bargarh-Jharsuguda-Sambalpur, while generating over 50,000 direct and indirect jobs statewide,” stated the government in an official press release.
The GCC policy complements the recently introduced Odisha IT Policy 2025, allowing qualified GCC entities to benefit from favorable terms concerning land costs, leasing, skills development, electricity tariffs, interest subsidies, marketing strategies, SGST reimbursements, research and development, and contributions to PF/ESI.
Furthermore, the GCC Policy introduces unique incentives tailored for the industry, including capital and infrastructure support, relocation assistance for both domestic and international entities, co-working space rental discounts, and specialized packages for large-scale GCCs.
A Policy Advocacy & Vision Group (PAVG), consisting of specialists from academia, industry, and policy, will oversee the implementation, while the Odisha Computer Application Centre (OCAC) will function as the Nodal Agency.
The state’s Electronics & Information Technology (E&IT) Department will periodically assess the progress and refine policies to uphold Odisha's competitive stature.
During its meeting, the Odisha cabinet also approved twelve significant proposals from nine departments.
Point of View
Odisha's approval of the Global Capabilities Centre Policy 2025 is a proactive step towards attracting foreign investments and enhancing the local economy. This policy not only aligns with the global trend of MNCs seeking cost-effective operational hubs but also shows a commitment to developing a skilled workforce in the region. As India continues to position itself as a key player in the global market, initiatives like this will be crucial in driving sustainable growth and creating job opportunities.
NationPress
21/11/2025
Frequently Asked Questions
What is the Odisha Global Capabilities Centre Policy 2025?
The Odisha Global Capabilities Centre Policy 2025 is a government initiative aimed at attracting multinational corporations to establish their Global Capabilities Centres in Odisha, providing them with infrastructural support and incentives.
How many jobs are expected to be created under this policy?
The policy aims to generate over 50,000 direct and indirect employment opportunities across Odisha.
Which regions in Odisha will benefit from the GCC policy?
Key economic regions such as Bhubaneswar, Cuttack-Puri-Paradip, and Bargarh-Jharsuguda-Sambalpur are set to benefit from this policy.
What incentives are provided for GCCs under this policy?
Eligible GCCs can avail benefits related to land rates, lease rentals, human capital upskilling, power tariffs, interest subsidies, and more as per the Odisha IT Policy 2025.
Who will oversee the implementation of the GCC policy?
The implementation will be guided by a Policy Advocacy & Vision Group (PAVG) and monitored by the Odisha Computer Application Centre (OCAC).
