GCC INVESTMENT IN KARNATAKA
Groww's strong Q4; Iran conflict hits India's GCCs
Fintech major Groww more than doubled its net profit in the fourth quarter of FY26. This and more in today's ETtech Top 5.
Karnataka unveils India's first quantum ecosystem map
Karnataka became the first state in India to unveil a comprehensive Quantum Ecosystem Map. The Science & Technology minister N S Boseraju said the initiative formally marks the launch of Phase-I of the State's Quantum Roadmap.
Over 30 GCCs brought in Rs 12,500 crore to Karnataka in 2025, says IT/BT minister Priyank Kharge
Firms like SAP and Google have led this inflow of investment. The state is now focussing on structured global pathways and outcome-driven partnerships across AI and deeptech sectors.
Hyderabad stealing a march over Bengaluru in GCC race
The Southern city is finding favour with global investors amid strong infrastructure, top tech talent, affordability and conducive ecosystem.
Siddaramaiah gives push for AI in Karnataka Budget
Noting that Karnataka is the first state to introduce the Global Capability Center (GCC) Policy, CM Siddaramaiah said, as a result of the progressive policies of the government, more than 550 GCCs are currently operating in the state.
Aster DM Healthcare plans to invest Rs 2,300 cr to grow India footprint: Chairman Moopen
Aster DM Healthcare is set for major expansion in India. The company plans to invest heavily, adding thousands of beds through new projects and acquisitions. This follows a merger that will create one of India's top hospital chains. Meanwhile, Aster's GCC operations are also looking at regional growth and possible stock market listings.
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Policy focus, execution made Karnataka India's leading GCC hub, says Kharge
Karnataka has solidified its position as India's premier Global Capability Centre (GCC) hub, with Bengaluru leading the charge. State IT/BT minister Priyank Kharge highlighted the consistent policy focus and execution driving this success.
Karnataka steps up efforts to tap major share of country's electronics, semiconductor market, says IT secretary Manjula
The state is stepping up efforts to attract investments across the electronics and semiconductor value chain to capture a larger share of India's rapidly growing electronics and semiconductor market, said IT/BT department secretary Dr N Manjula on Wednesday.
Karnataka gets investment commitments for over Rs 13,000 cr at Davos: Minister M B Patil
Karnataka secured Rs 13,070 crore in investment commitments at the WEF meet in Davos, spanning sectors like renewable energy, data centres, and advanced manufacturing. Global leaders lauded the state's industry-friendly environment and skilled workforce, paving the way for accelerated projects and strengthening Karnataka's competitive edge in global trade.
Three more global companies set to hop on India’s GCC train
Videotelephony firm Zoom, telecom giant T-Mobile and low-cost airline Southwest Airlines are among the latest global companies considering the establishment of global capability centres (GCCs) in India, said people aware of the matter, adding that they are in talks with several states toward this end.
Nokia plans GCC, research centres in Karnataka, says industries minister M B Patil
Patil, who was speaking from the World Economic Forum in Davos, assured full support for Nokia's expansion plans. Meanwhile, US-based space tech company Vast Space, UAE-based multinational business group Crescent Enterprises, and aerospace firm Voyager Technologies have expressed interest in partnering with Karnataka.
Davos 2026: Nokia keen on setting up GCC in Karnataka
Karnataka is attracting significant global investment interest. Nokia plans to establish a Global Capability Centre and additional research centres, expanding its presence beyond Bengaluru. The state government also held discussions with cybersecurity firm Cloudflare and US-based space and aerospace companies Vast Space and Voyager Technologies regarding potential partnerships and expansions.
Bharti eyes Karnataka data centre; Sify set to inaugurate new facility
Bharti Enterprises has expressed interest in setting up a data centre in Karnataka, industries minister M B Patil said on Wednesday. Patil made the announcement while attending the world economic forum in Davos.
Tier-II GCC dream awaits govt bridge to cross execution gap
Despite budget promise, government has not formalised national framework; global firms stay cautious over talent depth and fragmented rules.
Davos 2026: Karnataka industries minister Patil pitches Vijayapura for Coke plant
Karnataka is actively seeking significant investments from global giants. The state has proposed Vijayapura as a prime location for Coca-Cola's new plant. Discussions also covered expansion plans with AB InBev and the Tata Group.
Budget 2026 key to India’s GCCs becoming the world’s next innovation engines
India's upcoming Union Budget 2026 is poised to bolster its status as a global hub for Global Capability Centres (GCCs), projected to contribute $199 billion by 2030. Policy support, including tax incentives and streamlined regulations, is crucial for this sector's expansion into innovation and business delivery. States are actively supporting GCCs, with a national policy framework further reinforcing this momentum.
Japan Inc delegation meets Karnataka govt officials for GCC footprint expansion
The team’s visit underscores Japan’s rising interest in expanding GCCs and deep-tech collaborations in the state. The state government officials, on their part, presented the strong innovation ecosystem in the state and the Karnataka GCC Policy, which provides targeted incentives to companies across all stages of growth.
Rolls-Royce opens its largest global capability centre in Bengaluru
Rolls-Royce has opened its largest global innovation centre in Bengaluru. Karnataka minister MB Patil said the city's skilled workforce will support the company’s global work. He added that this move highlights Karnataka’s strong position in aerospace and defence, with Bengaluru being a top destination for foreign investment in the sector.
MeitY forms panel to create national framework for GCCs
The Indian government is actively fostering the growth of Global Capability Centres (GCCs) by establishing an industry-led panel. This initiative aims to create a national framework, as announced in the federal budget, to guide states in promoting GCCs, particularly in tier 2 cities. The committee, comprising industry bodies and advisory firms, will focus on talent availability, infrastructure enhancement, and innovation.
100 GCCs to adopt 100 colleges; create sector-specific programmes, says Priyank Kharge
Proposes 100 GCCs adopt 100 colleges and create sector-specific programmes, where 50% of the programme content will be specific to a company or sector, and the remaining for overall knowledge enhancement.
Bengaluru Tech Summit: Karnataka launches GCC policy, to create 6k jobs
The policy aims to generate over 5,000 jobs in Bengaluru, with an additional 1,000 jobs expected in areas beyond the city. “Companies setting up dedicated campuses in these emerging locations will also be eligible for customised incentives, assessed on a case-by-case basis, to drive investment and development in the region,” the 72 page policy read.
IT minister Kharge calls for level-playing field in semiconductor investments
"I'm not saying that other ecosystems don't deserve support, but who deserves it the most? It's not just about Karnataka; it's about the nation becoming a manufacturing hub. It's about India becoming an economic superpower and leading in technologies." Kharge also said that it's disheartening that states like Karnataka, Tamil Nadu, and to some extent, even Maharashtra, are getting the raw deal.
Karnataka launches GCC policy, first state to do so
“Through this policy, we expect the GCC sector to grow at a compound annual rate of 12-14% over the next decade and foresee Karnataka holding nearly 50% of the national GCC market share by 2029", Information Technology and Biotechnology Minister of the state, Priyank Kharge said.
Karnataka unveils GCC policy, aims to generate USD 50 billion economic output by 2029
The Karnataka Government has launched a draft Global Capacity Centres (GCC) policy aiming to generate USD 50 billion in economic output and attract 500 new GCCs by 2029, creating 3.5 lakh jobs. The policy aims to enhance investor confidence, promote collaboration with the local innovation ecosystem, and position Karnataka as a global leader in AI research and development.
Karnataka Industries Minister jumps to douse fire as top industrialists slam bill for jobs for locals
Karnataka's Industry & Infrastructure Minister MB Patil rushed to address concerns over a proposed bill to provide quotas for Kannadigas in the private sector, amidst backlash from industry leaders. Biocon founder Kiran Mazumdar-Shaw emphasised the need for skilled talent without hindering the state's tech industry. Former Infosys director TV Mohandas Pai criticized the bill as discriminatory and regressive. Assocham co-chairman RK Mishra slammed the bill as detrimental to the Indian IT sector. Patil assured that the bill will be reviewed in consultation with key ministers to protect the interests of Kannadigas and industries.
Sops, tier-2 cities top focus in tech’s Karnataka GCC Policy wishlist
Karnataka's GCC policy targets industry growth through infrastructure investment, employment incentives, single window approvals, fast issue resolution, industry-specific curriculum, flat rate markup, transportation solutions, digital engineering services, and the Karnataka Digital Economy Mission.
Would shift in focus to India biz spell better times for Aster DM's financials?
As of June 30, 2022, the company has 14 hospital units, 110 clinics and 245 pharmacies in the GCC region and 15 hospitals, 11 clinics and 176 pharmacies in India (Q1FY23 investor presentation). Aster DM Healthcare earned a revenue of Rs 7,869 crore in the GCC region in FY22 against Rs 2,383 crore in India. The revenue distribution from GCC and India in the last 5 years is as below:
GCC investors may build Bengaluru Design District on city outskirts
IT/BT Minister CN Ashwath Narayan, who returned to Bengaluru after a four-day visit to Dubai, said investors from GCC countries have shown interest to invest in Karnataka. The project was expected to come up on a 100 to 150-acre plot with Rs 1,000 crore investment.
Aster DM Healthcare ups stake in Saudi hospital for Rs 1.6k crore
Dubai-based Aster DM Healthcare, which has presence in West Asia and India, has acquired an additional 57 per cent stake in Sanad Hospital in Saudi Arabia for AED 900 million.
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