UP targets 500 GCCs by 2031, to host innovation summit on Oct 26
ADVERTISEMENT
Global capability centre industry players, policymakers and investors are expected to discuss opportunities for multinational companies to set up business and expand operations in Uttar Pradesh at a GCC innovation summit to be held here on October 26.
Chief Minister Yogi Adityanath will inaugurate the 'UP GCC Innovation Summit-2026'. The event is expected to see the signing of 15 memoranda of understanding (MoUs) and the issuance of five letters of comfort (LoCs) to potential investors, an official statement said on Friday.
Organised by the IIT Kanpur Alumni Association, in collaboration with 'Invest UP' and HCLTech, the summit is set to bring together over 100 senior executives from the GCC sector, industry representatives, policymakers, investors, academic institutions, and stakeholders from the infrastructure sector.
Discussions at the summit will focus on artificial intelligence (AI), digital transformation, innovation, skill development, and the opportunities available for global companies to establish and expand their operations in Uttar Pradesh, the statement said.
Uttar Pradesh has set a target of establishing more than 500 GCCs by 2031.
At present, over 200 GCCs are operational in the state across sectors such as banking and financial services, semiconductors, engineering, manufacturing, healthcare, technology, and digital services.
The government's objective is to attract new investments while also encouraging the expansion of existing centres, the statement said.
(Except for the headline, Fortune India has not edited the content of this PTI report.)