Past Events

Stakeholder Discussion on Karnataka’s Proposed GCC Policy with Dr. Ekroop Caur, Secretary, ITBT & S&T, Government of Karnataka

Under the leadership of Dr. Ekroop Caur, Secretary, ITBT & S&T, Government of Karnataka, AMCHAM organized a stakeholder discussion on Karnataka’s proposed GCC policy on May 24th at her office in Bengaluru. As vital contributors to Karnataka’s economic prosperity, the ITBT department invited key AMCHAM members for a stakeholder discussion to identify hurdles faced by existing GCCs in Karnataka and to assess gaps in the efficacy of current government policies and incentives supporting GCCs/MNCs within the state. The discussion also focussed on future needs to explore evolving industry requirements like skill development, technology integration and market access. Brainstorming methods to bolster Karnataka’s competitive edge as the preferred GCC destination vis-à-vis other global regions, focusing on factors like cost-efficiency, talent accessibility, and infrastructure and pinpointing potential collaborative opportunities among industry stakeholders, including joint R&D ventures, skill enhancement initiatives and industry-academia partnerships. The meeting commenced with a comprehensive presentation by government representatives on the draft Karnataka GCC Policy, setting the stage for an insightful dialogue between stakeholders. Key discussion points included disparity in government benefits between start-ups and established companies, leadership roles in India to foster GCC growth, challenges related to GST invoicing, need for a fast-track mechanism to address GCC-related issues promptly which would streamline processes and enhance the ease of doing business in Karnataka, industry-specific challenges and infrastructural bottlenecks, the need for government-approved colleges to bolster the talent pipeline and import-related issues. The government outlined its priorities in launching the GCC policy that included a focus on increasing investment through clearly defined policies, to establish talent hubs beyond Bengaluru, fostering skill development through a dedicated advisory council, and catalyzing the growth of emerging technology centers and the government also emphasized its commitment to sectors such as fintech, gaming, automotive tech, and space tech, signalling strategic alignment with evolving industry trends. The discussion ended with a vote of thanks by Ms. Ranjana Khanna.