Gandhinagar: Over a year after its launch, the Gujarat govt is revisiting its Global Capability Centres (GCC) Policy, with plans to enhance incentives such as capital subsidies and manpower-linked benefits to make it more competitive and attract large investors.Official sources said the GCC Policy 2025-30, launched in Feb last year, is being reviewed as it has not received the expected response from industry. The department of science and technology (DST) has begun fresh stakeholder consultations as part of the exercise.The policy was aimed at positioning Gujarat as a preferred destination for multinational companies looking to set up GCCs. However, officials said the policy has generated limited traction, with only a few inquiries and no major global player committing to set up a GCC under it so far.“We have received inquiries from a few smaller companies, but the response from large MNCs has not been encouraging. We are revisiting the policy and holding fresh consultations with industry stakeholders to understand their expectations,” a senior govt official said.According to officials, the revised policy is expected to offer significantly higher incentives. The govt is considering increasing capital expenditure (CAPEX) subsidy and enhancing manpower-linked benefits to improve Gujarat’s competitiveness against other GCC destinations.The review comes at a time when states such as Karnataka, Telangana, Tamil Nadu, and Maharashtra have emerged as preferred GCC destinations, attracting MNCs through aggressive incentives, established talent pools and strong business ecosystems.Officials said the govt is also open to offering customised incentive packages to companies with specific requirements, particularly large investors whose projects could generate substantial employment and investment.“The Gujarat govt believes recalibrating the policy based on industry feedback will improve its attractiveness for global companies looking to expand their India operations,” an official said.The policy had envisaged investments of over Rs 10,000 crore and creation of 50,000 jobs. It currently offers CAPEX assistance ranging from Rs 50 crore to Rs 200 crore and OPEX support ranging from Rs 20 crore to Rs 40 crore. It also provides 7% interest subsidy on term loans under the special incentive policy, capped at Rs 1 crore per year, along with 100% electricity duty exemption for five years.
