Introduction: UP GCC Policy 2024

The UP GCC Policy 2024 has been introduced to position Uttar Pradesh as a leading destination for Global Capability Centres (GCCs). The policy promotes IT/ITeS companies, BPOs, KPOs, R&D centres, and corporate support operations by offering structured financial incentives and infrastructure support.

Uttar Pradesh is aggressively building a strong ecosystem for multinational companies and domestic enterprises planning to establish shared service centres. Moreover, the policy focuses on reducing capital investment burden and improving operational sustainability through targeted subsidy programs.

For businesses planning expansion, understanding financial incentives and compliance requirements is critical. This is where expert subsidy consultants like Finraja Consultancy Private Limited help companies secure maximum government benefits while ensuring regulatory compliance.

GCC Investment Incentives Uttar Pradesh

Uttar Pradesh provides multiple investment incentives to attract Global Capability Centres. These incentives aim to reduce infrastructure costs, improve return on investment, and encourage long-term business operations.

These incentives significantly reduce infrastructure setup costs and encourage global companies to select Uttar Pradesh as their GCC location.

Employment Subsidy Under UP GCC Policy

Workforce expansion remains one of the largest cost drivers in GCC operations. Therefore, the policy offers employment incentives to support large-scale hiring.

Additionally, salary reimbursement is available for both entry-level and skilled workforce categories based on operational scale and employment generation targets.

This incentive directly lowers operating costs and allows GCC operators to expand their workforce faster while maintaining financial sustainability.

Land Subsidy for GCC in Uttar Pradesh

Commercial real estate forms a major portion of GCC capital expenditure. Consequently, the policy introduces front-end land subsidy to reduce acquisition costs.

The subsidy allows companies to invest more in technology and workforce development instead of infrastructure expenditure.

Capital Subsidy for GCC Centres UP

Capital investment support plays a major role in attracting large-scale GCC investments. The UP GCC Policy provides financial assistance to reduce upfront project costs.

Capital subsidy improves project feasibility and reduces capital financing requirements.

EPF Reimbursement GCC Policy Uttar Pradesh

Employee benefit expenses increase operational expenditure for GCC operators. Therefore, the policy includes EPF reimbursement incentives.

This incentive encourages companies to create employment opportunities while reducing long-term workforce costs.

GCC Policy Eligibility Uttar Pradesh

Eligibility criteria ensure only qualified businesses receive incentives. Companies must satisfy investment and employment conditions defined under the policy.

Meeting these eligibility requirements ensures companies can access full financial incentives.

GCC Setup Cost Subsidy Uttar Pradesh

The UP GCC Policy provides multiple incentives to reduce operational launch costs for GCC centres.

Setup cost subsidies allow businesses to achieve faster operational launch and improved cost efficiency.

GCC Investment Opportunities Uttar Pradesh

Uttar Pradesh is emerging as a preferred GCC investment destination due to policy incentives and strong infrastructure growth.

The policy aims to attract multinational corporations and domestic enterprises looking to establish India-based GCC operations.

IT/ITeS GCC Incentives Uttar Pradesh

The IT/ITeS sector remains the primary focus area of the GCC ecosystem. Hence, the policy includes dedicated support for technology-driven service centres.

These incentives strengthen Uttar Pradesh’s position as a major IT service and outsourcing hub.

GCC Policy Financial Benefits UP

The UP GCC Policy provides a combination of capital, operational, and employment incentives that significantly improve GCC project viability.

These financial incentives collectively improve project profitability and reduce operational risk.

Financial Assessment of UP GCC Policy 2024

The policy significantly enhances GCC investment returns. Capital subsidy and land subsidy reduce upfront project investment. Meanwhile, employment incentives and EPF reimbursement reduce long-term operating costs.

Businesses can achieve:

• Faster project break-even timelines
• Improved EBITDA margins
• Reduced financial risk
• Higher scalability potential

Additionally, infrastructure support and technology incentives improve operational efficiency. Therefore, GCC projects in Uttar Pradesh become financially sustainable and globally competitive.

Why Businesses Require Professional Subsidy Consultants

Although the policy offers strong incentives, claiming maximum benefits requires:

• Detailed project financial structuring
• Incentive eligibility mapping
• Compliance documentation
• Government approval coordination
• Subsidy claim optimization

Finraja Consultancy Private Limited helps businesses secure maximum government incentives while ensuring regulatory compliance and faster approval timelines.

Conclusion

The UP GCC Policy 2024 provides a comprehensive incentive ecosystem for companies planning to establish Global Capability Centres in Uttar Pradesh. The policy focuses on infrastructure development, workforce expansion, and operational sustainability through structured financial support.

For businesses planning GCC investments, leveraging these incentives strategically can significantly improve profitability and long-term business sustainability. Partnering with experienced subsidy consultants like Finraja Consultancy Private Limited ensures companies receive maximum policy benefits while avoiding compliance risks.

Call us now: +91 9028491504 or visit finraja.com/contact for quick assistance.