In a significant move to bolster Maharashtra’s position as a global business hub, the state government has signed a Memorandum of Understanding (MoU) with ANSR, a leader in establishing Global Capability Centers (GCCs). This partnership aims to develop India’s first dedicated GCC City in Navi Mumbai, aligning with the state’s new GCC Policy approved by the Cabinet
Key Highlights
- Strategic Location: Navi Mumbai has been selected for its robust infrastructure, proximity to Mumbai, and emerging status as a preferred destination for global enterprises
- ANSR’s Role: As the development partner, ANSR will be responsible for conceptualizing, designing, and investing in the GCC City, ensuring it meets international standards
- Government Support: The Maharashtra government will provide essential infrastructure and policy-level support, including land allocation and facilitation of ease-of-doing-business enablers under the new GCC Policy
- Employment Opportunities: The project is expected to generate significant employment, leveraging Maharashtra's skilled workforce to attract global investments
Vision for the GCC City
The envisioned GCC City in Navi Mumbai aims to:
- Attract Global Investments: Serve as a magnet for multinational companies to establish and expand their GCCs in India
- Foster Innovation: Provide state-of-the-art infrastructure that supports research, development, and innovation
- Create Employment: Generate numerous job opportunities, contributing to the state's economic growth
- Enhance Ecosystem Collaboration: Facilitate collaboration among various sectors, including IT, pharmaceuticals, and green energy, to drive holistic development
Alignment with Maharashtra’s GCC Policy
The development of the GCC City aligns with the Maharashtra Cabinet’s approval of the new GCC Policy, which targets:
- Establishment of 400 New GCCs by 2030: Aiming to double the current number of GCCs in the state
- Investment of ₹50,600 Crore: To be infused into the state's economy through these initiatives
- Creation of 4 Lakh Jobs: Generating employment opportunities across urban and rural areas
- Focus on Tier-II and Tier-III Cities: Promoting inclusive development and decentralization of economic activities
Conclusion
The collaboration between the Maharashtra government and ANSR marks a pivotal step in transforming Navi Mumbai into a premier destination for global enterprises. The dedicated GCC City is poised to play a crucial role in enhancing Maharashtra’s competitiveness on the global stage, fostering innovation, and creating sustainable employment opportunities for its residents
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