The Karnataka government has introduced India's first dedicated Global Capability Centres (GCC) Policy for 2024-2029, aiming to establish 500 new GCCs by 2029. The policy is expected to create 350,000 jobs and generate $50 billion in economic output, with an anticipated growth rate of 12-14% for the GCC sector over the next decade. To decentralize development, the initiative will incentivize GCCs to set up in cities beyond Bengaluru, offering various financial supports, such as property tax rebates and operational grants.