According to Minister Priyank Kharge, Karnataka is implementing strategic interventions to establish a resilient ecosystem for GCCs.
Published Jul 15, 2024 | 8:53 PM ⚊ Updated Jul 15, 2024 | 8:53 PM
Minister Priyank Kharge releasing Karnataka GCC Landscape Report 2024.
Karnataka Electronics, Information Technology, Biotechnology, and Science and Technology Minister Priyank Kharge on Monday, 15 July, said that with over 500 Global Capability Centres (GCC), the state is leading India’s digital revolution.
The minister was speaking while unveiling the Karnataka GCC Landscape Report 2024.
The report said Bengaluru is the world’s second-largest hub for the Artificial Intelligence (AI) talent pool. It is now being recognised as a Global AI hub and by the year 2030, Karnataka could host around 330 Forbes 2000 enterprises.
“Karnataka has been the leading force in India’s digital revolution, with GCCs serving as a key driver for the state’s growth trajectory. We are implementing strategic interventions and facilitators to establish a resilient business and operational ecosystem for GCCs. We are coming up with the first GCC Policy in India to better support the GCCs looking to start operations in Karnataka,” Kharge said.
Bengaluru remains the hotspot for GCC buildouts, a hub for startups and the preferred choice for platform engineering, owing to access to 25 percent of India’s digital talent.
Furthermore, 60 percent of Forbes Global 2000 companies with GCCs in India, have their centres set up in Bengaluru.
The report delves into the state’s GCC ecosystem, highlighting its growth trajectory, impact, and future potential.
It stated that Karnataka is home to around 570 GCCs in India and leads the GCC talent market by a large margin, almost two times enterprise-ready talent compared to the next largest location.
The state is also the hotspot for enterprises building digital capabilities, software product innovation, and platform engineering.
There are over 26,000 active startups, of which more than 50 percent comprise tech startups.
Bengaluru is also the Unicorn capital of India with around 40 percent of Unicorns in India located in the city, the report said.
According to the minister, Karnataka is implementing strategic interventions and facilitators to establish a resilient business and operations ecosystem for GCCs.
“We are coming up with the first GCC policy in India to better support the GCCs looking to start operations in Karnataka,” he added.
According to the official statement, the Karnataka government has introduced incentives, regulations, and new policies supporting GCC setups in Bengaluru and emerging tech clusters such as Mysuru, Hubbali, and Mangaluru.
These measures are poised to attract the next wave of enterprises aiming to enhance their digital capabilities.
Giving an insight from Karnataka’s perspective, Electronics, IT and BT Department Secretary Dr Ekroop Caur said: “The upcoming GCC policy, currently being drafted with the support of industry leaders, academicians, entrepreneurs, and various other stakeholders, will help retain Karnataka’s leading position in the global GCC ecosystem.”
The draft GCC policy is expected to be out in the third week of August according to Dr Caur.
GCCs in Karnataka and across India operate in various sectors including:
(Edited by Muhammed Fazil)
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