Odisha government Friday approved a policy aimed to position the state as a hub for Global Capability Centres (GCCs) by offering a comprehensive set of incentives, an official said.

A GCC is an entity established by a multinational company to centralise and perform key business functions like IT, research and development, and finance.

A state Cabinet meeting chaired by Chief Minister Mohan Charan Majhi approved a total of 12 proposals of nine departments including the Odisha Global Capability Centre (GCC) Policy 2025 here during its meeting, Chief Secretary Manoj Ahuja said.

The policy aims to attract leading multinational corporations to establish and expand their GCCs in the state by offering a robust ecosystem of world-class infrastructure, skilled talent, and progressive incentives,

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