Four Global Capability Centres to be set up in UP with an investment of ₹1,709 crore
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Uttar Pradesh government approved four Global Capability Centres with a ₹1,709 crore investment.
- ✓Havells India, Ameriprise India, MetLife, and LG Soft will set up units in Gautam Buddha Nagar.
- ✓These projects aim to boost the state’s business ecosystem.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Statesman
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
The Uttar Pradesh government has approved proposals to issue Letters of Comfort (LoCs) to four industrial units under the Uttar Pradesh Global Capability Centre (GCC) Policy-2024. The four units are expected to bring a total investment of ₹1,709.84 crore to the state.
The approved proposals include those of Havells India Limited, Ameriprise India LLP, MetLife Global Operations Support Center Private Limited, and LG Soft India Private Limited.
The establishment of these projects in Gautam Buddha Nagar is expected to strengthen the state's Global Capability Centre (GCC) ecosystem and expand high-skilled business activities.
Havells India Limited has proposed an investment of ₹879 crore for a project within the jurisdiction of the New Okhla Industrial Development Authority (NOIDA) in Gautam Buddha Nagar. The company's proposal has been approved for incentives on a case-by-case basis.
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The Statesman
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