Maharashtra cabinet clears GCC policy; aims at 4 lakh jobs

The policy targets Tier 2 and Tier 3 cities such as Nashik, Nagpur and Chhatrapati Sambhajinagar, creating new economic hubs and promotion of balanced technology driven growth. The policy will remain in effect for five years (FY 2029-30) from the date of notification or until the next policy comes into effect. According to the policy, the government will establish Maharashtra GCC Growth Council which will serve as a combined think tank and advisory group ensuring the policy remains aligned with regional economic priorities, global business trends and industry specific workforce requirements. The government plans to set up dedicated GCC parks equipped with future ready infrastructure, walk to work design and plug and play offices. Further, the government will promote cluster development especially specialised GCC units within flagship initiatives such as Innovation City and Maharashtra Global Med Zone.

The government proposes to provide a one time capital subsidy of Rs 10 crore for small units with investment of Rs 50 crore; Rs 20 crore for medium units with investment of Rs 100-250 crore and Rs 50 crore for large units with investment of Rs 250-300 crore. Further, the government proposes to give reimbursement towards rent, green certification, patent filing and research and development grants.

The government will provide non fiscal incentives to facilitate GCC establishment including industry status, additional floor space index with premium concessions, critical infrastructure fund, zoning relaxation, single window clearance, approvals for right of way, open access and property to related SOPs.