Madhya Pradesh Announces GCC Policy To Tap New Investments

Madhya Pradesh chief minister Mohan Yadav has said that the state’s global capability centre (GCC) policy 2025 will position itself as a digital and technological hub.

The policy is focused on attracting investments in segments including IT, finance, engineering, and business process outsourcing (BPO). The Madhya Pradesh State Electronics Development Corporation Limited (MPSeDC) has been chosen as the nodal agency to supervise the execution of this policy.

Besides, the government claims to have set up a Policy Implementation Unit (PIU) to manage incentive allocations, project approvals, and compliance monitoring. 

“The policy will serve as a milestone in advancing Prime Minister Narendra Modi’s vision of Aatmanirbhar Bharat (self-reliant India) and digital India,” the state government said in a statement.

Yadav will present the policy before global investors, industrialists and policy makers at the Global Investors Summit 2025, which will be inaugurated by Prime Minister Narendra Modi in Bhopal on February 24. As per the government, the summit will bring investment proposals in GCC space.

The state further claims to have tripled the export of  IT and IT-enabled services with an annual growth rate of 43% in the past three years. It counts cities like Indore, Bhopal, and Jabalpur as the hubs for IT and Electronics System Design & Manufacturing (ESDM).

This comes at a time when India’s GCC market is booming at a rapid pace. 

As per the Economic Survey 2024-25, the number of GCCs in India surged 18% to 1,700 in FY24 from 1,430 in FY19. During this time, India has seen the establishment of more than 400 new GCCs and around 1,100 new units. The growth is fueled by the increase in adoption of AI and machine learning.

Apart from Madhya Pradesh, West Bengal is also planning to launch a dedicated GCC policy to attract investment in semiconductor, drones, and GCC segment.