Lucknow | The state investment promotion agency, Invest UP, hosted a roundtable consultation at its Lucknow office under the chairmanship of Additional CEO Shashank Choudhary. The session brought together representatives of CREDAI, leading real estate developers, and commercial space providers to deliberate on positioning Uttar Pradesh as a premier destination for Global Capability Centers (GCCs).
Discussions highlighted the state’s skilled workforce, affordable infrastructure, superior connectivity, and the advantages of the recently implemented GCC Policy 2024, regarded as one of the most attractive incentive frameworks in India. With over 200,000 technical graduates annually, 8,000+ higher education institutions, and up to 40% cost advantage compared to other developed hubs, UP is emerging as a strong contender for global investments.
The policy offers a mix of capital and payroll subsidies, EPF reimbursements, and a dedicated facilitation cell for seamless investor onboarding. Stressing the crucial role of the real estate sector in enabling the GCC ecosystem, the government outlined its hub-and-spoke model: Noida as the global hub, Lucknow as a rising hub, and Agra, Meerut, Kanpur, Gorakhpur, Varanasi, and Prayagraj as satellite centers.
CREDAI members assured full support, noting that developers are already catering to IT/ITeS firms and some GCC players. They committed to sharing their commercial space inventory with Invest UP, while some developers confirmed availability of customized infrastructure adaptable to GCC requirements.
The dialogue also emphasized how upcoming projects such as Lucknow’s AI City, IT City, CG City, and YEIDA’s Fintech Park will contribute to building a future-ready GCC ecosystem in the state.
Prominent real estate brands including Shalimar Group, BBD Viraj, Rishita Developers, Eldeco Housing, and others actively participated in the session.
