New Delhi, Sep 21 (NationPress) The Confederation of Indian Industry (CII) unveiled its Model State Policy on Global Capability Centres (GCCs) on Sunday, presenting a detailed strategy for states to attract, nurture, and expand the next generation of global enterprise hubs.

The policy's objective is to generate millions of high-quality jobs, broaden innovation ecosystems outside major cities, and reinforce India’s role as a premier destination for knowledge and digital services.

CII Director General, Chandrajit Banerjee, emphasized that the swift evolution of GCCs over the last two decades has been pivotal in propelling India’s economic landscape.

"To maintain our leadership and enhance our integration into global value chains, states need to implement clear, competitive, and innovation-driven policies. This model policy serves as a ready-to-use framework to assist states, boost GCC expansion beyond metropolitan areas, and produce high-quality employment," he remarked.

Presently, almost 95% of India's over 1,800 GCCs are located in six Tier-1 cities.

The CII policy aims to transform this scenario by empowering Tier-2 and Tier-3 cities to emerge as appealing locations for global businesses.

It outlines actionable initiatives across various domains including infrastructure development, fiscal incentives, regulatory frameworks, digital infrastructure, talent development, and sustainability, enabling states to cultivate seamless, resilient, and globally competitive GCC ecosystems.

The policy advocates for the creation of state-level Facilitation Cells to serve as single points of contact for investors, along with specific fiscal and regulatory incentives like tax holidays, customs duty exemptions for imported R&D equipment, and viability gap funding for integrated infrastructure projects.

Furthermore, it promotes investments in digital infrastructure such as AI/ML computing capabilities and edge data centers, ensuring that emerging hubs meet global standards.

The policy also encourages collaboration among GCCs, start-ups, and research institutions to foster innovation in fields like quantum computing, ESG-aligned solutions, and enterprise software.

Key factors such as green infrastructure, smart mobility, affordable housing, and civic amenities are emphasized to enhance the attractiveness of state-level hubs for professionals and their families.

Additionally, frameworks for data security and IP facilitation tailored to local contexts are highlighted to support data-intensive GCCs.

Banerjee noted that the model policy is crafted to ensure that GCC growth is geographically inclusive.

“States that act swiftly and decisively will reap benefits in terms of high-quality employment, robust innovation ecosystems, and deeper integration into global value chains,” Banerjee stated.

"CII is prepared to collaborate with states to implement these recommendations through task forces, investment promotion initiatives, and skill development programs," he added.

The CII predicts that an effectively executed GCC strategy across India could yield nearly $200 billion in direct economic value by 2030.