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Seven states, including Karnataka and Maharashtra, have come up with dedicated policies to facilitate establishment of 1,380 Global Capability Centres (GCCs) with a target to create an additional 12 lakh jobs by 2031, according to CBRE. Real estate consultant CBRE on Friday released a report 'The Policy Advantage: Powering India's GCC Growth'. As per the report, seven states -- Karnataka, Maharashtra, Rajasthan, Gujarat, Kerala, Haryana and Madhya Pradesh -- are targeting setting up of around 1,380 GCCs in their states with a cumulative target of creating about 1.18 million jobs by 2031. "The speed at which state governments have moved to formalise dedicated GCC policies is unprecedented in India's commercial real estate landscape," said Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE. "This reflects a broader recognition that these centres are no longer a peripheral component of India's services economy, but a central pillar that states .
West Bengal Industries Minister Tapas Roy on Friday said the state's proposed industrial incentive scheme will be linked to employment generation rather than investment, with a new industrial policy expected to be unveiled later this month. Addressing the business conclave 'Uttaran 2026: Bangla, Building the Next Growth', Roy said industries would be eligible for incentives based on the number of jobs they create. "We are thinking of linking incentives to employment generation rather than investment," he said. The minister said the new industrial policy is expected to be announced on August 15. The state government has earmarked Rs 5,000 crore in the 2026-27 budget to revive industrial incentives after the earlier incentive scheme was discontinued by the TMC government. The new industrial policy is expected to lay down the framework for the incentive programme and include measures to improve ease of doing business through a strengthened single-window clearance system, GIS-enabled
The Viksit Bharat -- Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2025 will come into force from July 1, with the Centre on Tuesday stating that all arrangements have been made for its implementation. The Ministry of Rural Development said the Act provides a statutory guarantee of up to 125 days of wage employment to eligible rural households, compared to the 100 days provided under the existing rural employment framework. The ministry said an interim allocation of Rs 95,692.31 crore has been made to states and Union Territories to ensure a smooth transition, timely wage payments and uninterrupted implementation of works under the new framework. Union Rural Development Minister Shivraj Singh Chouhan said the government's priority was to ensure that "no eligible rural worker remains without work even for a single day". He said the Centre and states had worked together to complete administrative, financial and technical preparations for the rollout. The government said ...