LUCKNOW: The Yogi Adityanath government aims to position Uttar Pradesh as a prime destination for Global Capability Centres (GCCs) by announcing comprehensive standard operating procedures (SOPs). These SOPs, recently approved by the state cabinet, outline regional incentives to promote balanced industrial growth across the state.
Under this initiative, GCCs establishing operations in Gautam Budh Nagar and Ghaziabad can benefit from a 30% land subsidy on purchases from government agencies. In other parts of Paschimanchal (excluding the aforementioned areas) and the Madhyanchal region, a 40% subsidy is available.
To encourage investment in less developed regions, the state offers subsidies of up to 50% for GCCs set up in Purvanchal and Bundelkhand. This differential incentive structure aims to attract new investments, generate high-value jobs, and mitigate regional disparities.
Eligible subsidies apply only to land bought from state industrial development authorities, development authorities, urban local bodies, or other government agencies. GCCs operating in rented or co-working spaces are ineligible, as the policy focuses on fostering lasting industrial infrastructure.
The SOPs also include measures to ensure timely project execution. The allocated land will be mortgaged until commercial operations commence or the designated period concludes. If there are delays or incomplete projects, the subsidy will be reclaimed with a 12% annual interest. The industrial development department will bear the cost of the subsidy.
