Govt rolls out policy to make UP a 'global service centre'

AS PART of its efforts to attract global investment, Uttar Pradesh government has rolled out the Global Capability Centres (GCC) Policy, which was cleared by the Cabinet on Tuesday.

- GNS News Agency, May 31

The policy is aimed at making the state the next “global service centre” of the country and also helping UP achieve its $1-trillion dollar economy mark, officials said.Officials said that with the incentives offered in the policy, which has been prepared after studying similar policies in other places, it is expected to attract global companies working in IT, banking, healthcare, engineering as well as next generation technologies towards UP for “large-scale investment”. Elaborating further, Principal Secretary, Industrial Development, Alok Kumar, informed that the state has a large talent pool in many sectors including science, law, engineering. He said, “To get better quality work at less cost, many multinational companies are setting up their offshore development centres in Uttar Pradesh....”Kumar said software and IT companies are establishing such GCCs, which include machine learning, cloud computing, robotic process automation, Al-driven development, cyber security, engineering development etc. He said there are many elements of engineering design as well which are expensive and time-consuming but this work can be done at lesser prices and with high quality with the help of these centres in UP. “multinational companies are coming to India to outsource work in banks, financial services and insurance sector,” he explained, adding that companies from the automotive sector, electronics and semiconductor manufacturing sectors have also come to the state.