The Karnataka state government has announced a new initiative to provide hiring support to new Global Capability Centres (GCCs) setting up operations in the state. This move is aimed at boosting employment opportunities and attracting more investments.
Key Highlights of the Initiative
The government will offer financial assistance for recruitment and training of local talent. This includes reimbursement of costs incurred for hiring and skill development programs.
Eligibility Criteria
New GCCs that establish their centers in Karnataka will be eligible for the support. The initiative covers both IT and non-IT roles, focusing on creating jobs for local residents.
Benefits for GCCs
- Reduced recruitment costs through government reimbursement.
- Access to a skilled workforce through training programs.
- Faster setup and operations with government facilitation.
The Karnataka government expects this to attract more GCCs, which are key drivers of the state's economy. This initiative is part of a broader strategy to make Karnataka a global hub for business services.
Impact on Employment
The hiring support is expected to create thousands of jobs in the coming years. It will also help in upskilling local talent to meet industry demands.
Companies interested in availing the support can apply through the state's investment promotion agency.
