{"id":170230,"date":"2025-02-18T15:02:35","date_gmt":"2025-02-18T09:32:35","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=170230"},"modified":"2025-02-18T15:02:36","modified_gmt":"2025-02-18T09:32:36","slug":"madhya-pradesh-unveils-indias-first-gcc-policy","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/madhya-pradesh-unveils-indias-first-gcc-policy\/","title":{"rendered":"Madhya Pradesh Unveils India\u2019s First GCC Policy"},"content":{"rendered":"\n<p>Madhya Pradesh has made a significant move in India&#8217;s economic framework by unveiling the nation&#8217;s first dedicated Global Capability Centers (GCC) Policy 2025. This initiative seeks to attract multinational companies by developing a strong ecosystem for global innovation and collaboration, particularly in Tier-2 cities like Indore, Bhopal, and Jabalpur. With a focus on creating a business-friendly environment, providing financial incentives, and enhancing infrastructure, the state intends to become a preferred hub for GCCs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How Will Madhya Pradesh\u2019s GCC Policy Benefit Tier-2 Cities?<\/h3>\n\n\n\n<p>The new GCC policy aims to redirect attention from major metropolitan areas to up-and-coming urban centers, facilitating the transformation of Tier-2 cities into global operational hubs. Indore, Bhopal, and Jabalpur are expected to benefit significantly, as they will receive Tier-1 level infrastructure to attract multinational corporations. Chief Minister Dr. Mohan Yadav has assured investors that the state will provide top-notch facilities to make these cities appealing for business expansion.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What Incentives Does the Madhya Pradesh GCC Policy Offer?<\/h3>\n\n\n\n<p>To encourage investment, the policy provides multiple benefits, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Financial Support<\/strong>: Companies setting up GCCs in Madhya Pradesh can avail\u00a0<strong>up to 40% capital subsidy<\/strong>, with a maximum cap of\u00a0<strong>\u20b930 crore<\/strong>. Additional support includes\u00a0<strong>rent assistance and payroll subsidies<\/strong>.<\/li>\n\n\n\n<li><strong>Innovation and R&amp;D Support<\/strong>: The state has allocated additional funding for\u00a0<strong>upskilling, marketing, patent filing, and research and development activities<\/strong>, ensuring that businesses can innovate and compete globally.<\/li>\n\n\n\n<li><strong>Ease of Doing Business<\/strong>: To simplify investments, the state has introduced a\u00a0<strong>\u201cNo Query Portal\u201d<\/strong>, a\u00a0<strong>single-window clearance system<\/strong>\u00a0that ensures a smooth and hassle-free process for businesses.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Madhya Pradesh has made a significant move in India&#8217;s economic framework by unveiling the nation&#8217;s first dedicated Global Capability Centers (GCC) Policy 2025. This initiative seeks to attract multinational companies by developing a strong ecosystem for global innovation and collaboration, particularly in Tier-2 cities like Indore, Bhopal, and Jabalpur. With a focus on creating a [&hellip;]<\/p>\n","protected":false},"author":419,"featured_media":170237,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5359],"tags":[101],"class_list":["post-170230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-february-2025","tag-madhya-pradesh-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/170230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=170230"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/170230\/revisions"}],"predecessor-version":[{"id":170238,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/170230\/revisions\/170238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/170237"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=170230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=170230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=170230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}