Business EconomyPosted at: Oct 27 2026 7:27PM


Four Global Capability Centers to be established in UP with an investment of Rs 1,709 crore

Lucknow, Oct 27 (UNI) The Uttar Pradesh government approved proposals to issue Letters of Comfort (LOC) to four industrial units under the Uttar Pradesh Global Capability Center (GCC) Policy-2024. These four units will pave the way for a total investment of Rs 1,709.84 crore in the state.

The approved proposals include Havells India Limited, Ameriprise India LLP, MetLife Global Operations Support Center Private Limited, and LG Soft India Private Limited. The establishment of these projects in Gautam Buddha Nagar is expected to strengthen the state's GCC ecosystem and expand high-skilled business activities.

Havells India Limited has submitted an investment proposal of Rs 879 crore. This project is proposed within the New Okhla Industrial Development Authority (NOIDA) in Gautam Buddha Nagar. The company's proposal has been approved for incentives on a case-by-case basis.
Ameriprise India LLP has proposed an investment of Rs 112.84 crore. This project is proposed in the Embassy Oxygen Business Park located on private land in Gautam Buddha Nagar. The company is eligible for incentives as per the policy.
MetLife Global Operations Support Center Private Limited has submitted an investment proposal of Rs 84 crore. Its proposed unit is also to be established on private land in the Embassy Oxygen Business Park in Gautam Buddha Nagar. The company's proposal has been approved for incentives as per the GCC policy.
Meanwhile, LG Soft India Private Limited has submitted an investment proposal of Rs 634 crore. This project is proposed under the Noida Authority in Gautam Buddha Nagar. The proposal has been approved for incentives on a case-by-case basis.
UP Finance Minister Suresh Kumar Khanna stated that the Uttar Pradesh government notified the Uttar Pradesh Global Competence Center Policy-2024 on May 7, 2025, with the aim of establishing the state as a competitive investment destination at the national and international levels. For its effective implementation, the GCC Implementation Manual-2025 was also issued on January 7, 2026. In this context, the proposals of the four industrial units were discussed in a meeting of the high-level empowered committee, chaired by the Chief Secretary, Government of Uttar Pradesh, held on July 10, 2026. Now, with the Cabinet's approval, the path has been paved for the issuance of Letters of Comfort to these units.
GCCs are hubs where multinational and large companies conduct technology development, research, financial services, digital operations, engineering, and other global business functions. The expansion of these hubs is expected to create new investment opportunities in the state, increase employment opportunities for skilled youth, and strengthen Uttar Pradesh's presence in the global business services sector.
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