Bhubaneswar, Nov 21: The Odisha Cabinet, chaired by Chief Minister Mohan Charan Majhi, approved the Odisha Global Capabilities Centre (GCC) Policy 2025 on Friday, marking a significant step toward positioning the state as a hub for multinational corporations (MNCs), officials said.

The meeting was held at Lok Seva Bhawan and cleared 12 key proposals from nine departments.

Attracting Global Investments

The GCC Policy aims to attract leading MNCs to establish and expand their operations in Odisha by offering world-class infrastructure, skilled talent, and progressive incentives. Chief Secretary Manoj Ahuja highlighted the global trend of MNCs relocating R&D, software development, and design facilities to India to leverage cost advantages and regional expertise. Currently, India hosts around 1,800 GCCs employing 21 lakh people. Odisha now becomes the eighth state to adopt a dedicated GCC policy.

Vision for Viksit Odisha

Aligned with the state’s long-term roadmap under Viksit Odisha 2036 and 2047, the policy envisions Rs1,000 crore-plus investments and the establishment of at least five state-of-the-art GCC hubs. These will be located in Bhubaneswar, Cuttack-Puri-Paradip, and Bargarh-Jharsuguda-Sambalpur economic regions, generating over 50,000 direct and indirect employment opportunities.

Also Read: World Fisheries Day: Odisha Minister Gokulananda Mallik Calls For Self-Reliance In Fisheries

Incentives & Implementation

The GCC Policy builds on the recently announced Odisha IT Policy 2025, offering benefits such as land rate concessions, lease rental support, human capital upskilling, power tariff subsidies, SGST reimbursement, and R&D incentives. Exclusive provisions include relocation assistance, co-working space rental subsidies, internship and recruitment support, and customized packages for mega GCCs.

A Policy Advocacy & Vision Group (PAVG) comprising experts from academia, industry, and policy will guide implementation, while the Odisha Computer Application Centre (OCAC) will serve as the nodal agency. The Electronics & IT Department will periodically review progress to ensure Odisha maintains its competitive edge.