Karnataka Targets 500 New GCCs and 3.5 Lakh Jobs by 2029

Karnataka has announced an ambitious plan to attract 500 new Global Capability Centres (GCCs), create 3.5 lakh jobs, and generate $50 billion in economic output by 2029, reinforcing its position as India’s leading hub for multinational technology and business operations.

The roadmap was unveiled during Katalyst Connect, an industry event organised by the Department of IT/BT and the Karnataka Digital Economy Mission (KDEM), where government leaders engaged with representatives from more than 200 GCCs operating in the state. The initiative aims to expand Karnataka’s thriving GCC ecosystem beyond Bengaluru and accelerate economic growth across emerging cities.

Chief Minister D.K. Shivakumar said the government is working to create “more Bengalurus beyond Bengaluru” by extending world-class infrastructure and investment opportunities to Tier 2 and Tier 3 cities. He highlighted that these cities offer significantly lower real estate costs and will benefit from incentives such as double Floor Area Ratio (FAR), making them attractive destinations for global enterprises looking to establish or expand operations.

The government is also prioritising improvements in connectivity, commercial infrastructure, and ease of doing business to support the growing demand for Global Capability Centres. By encouraging companies to diversify beyond the capital, Karnataka aims to unlock new employment opportunities, reduce pressure on Bengaluru, and create sustainable regional economic growth.

With multinational companies increasingly expanding their GCC presence in India, Karnataka’s strategy seeks to strengthen its leadership in the sector while positioning emerging cities as the next wave of technology and innovation hubs. The initiative is expected to play a key role in attracting global investment, generating high-value employment, and accelerating the state’s digital economy over the coming years.