Lucknow: Invest UP on Thursday showcased the state’s growing global capability centre (GCC) ecosystem at the NASSCOM GCC Summit in Mumbai.The summit, which was attended by multinational corporations, investors and CXOs, saw the state officials present UP as an emerging destination for technology and business operations.Officials said that the most significant feature was UP’s GCC Policy 2024, which offers incentives including land subsidy, stamp duty exemption, capital subsidy, operational expenditure support, payroll-linked incentives and skilling assistance for companies setting up GCC operations in the state.Later, a high-level roundtable chaired by Alok Kumar brought together representatives from firms including Capgemini, Infosys and McDonald’s, among others.During a fireside chat on states competing for global mandates, Kumar highlighted UP’s strengths in talent availability, innovation and connectivity.He cited the contribution of institutions such as Indian Institute of Technology, Kanpur, and Indian Institute of Technology (BHU), Varanasi, in supporting the state’s innovation ecosystem.Officials also pointed to infrastructure projects such as the Noida International Airport, expanding expressway network and upcoming fintech infrastructure as the key drivers for GCC growth.While Noida and Greater Noida have already emerged as major GCC hubs, officials said cities such as Lucknow, Kanpur and Varanasi are also attracting increasing interest from companies exploring expansion into tier-II locations.
