Lucknow, October 27 (APAC Media): Uttar Pradesh has stepped up its efforts to become a major destination for Global Capability Centres (GCCs), with the state government signing 15 memorandums of understanding (MoUs) and issuing letters of comfort to five investors at the UP GCC Innovation Summit 2026 in Lucknow on October 26.
The initiative aims to attract fresh investments, strengthen industry-academia partnerships, promote skill development and create high-value employment opportunities across the state.
Major Companies to Establish or Expand Operations
The summit saw agreements involving companies such as EY GDS, AML RightSource, Computacenter, MetLife, DSV, DAMAC, Altruist and Smartworks to establish new GCCs or expand existing operations in Uttar Pradesh.
The government issued letters of comfort to Havells India, Ameriprise India, MetLife Global Operations Support Center, LG Soft India and WSP Consultants India.
Smartworks is also establishing two dedicated campuses in Lucknow, adding to the city’s potential as an emerging business and technology hub.
IITs, IIMs to Support Talent Development
The 15 MoUs include partnerships with 13 educational institutions, including IIT Kanpur, IIT Roorkee, IIM Lucknow, IIT (BHU) Varanasi, Aligarh Muslim University and Dr APJ Abdul Kalam Technical University.
Companies including Paytm, Amazon Web Services (AWS), Barclays, IBM and Naukri will collaborate on training and skill-development programmes to prepare young professionals for evolving industry requirements.
Organised by the IIT Kanpur Alumni Association in collaboration with Invest UP and HCLTech, the summit featured discussions on artificial intelligence, digital transformation, innovation and future skills.
Uttar Pradesh Targets 500 GCCs by 2031
Uttar Pradesh currently has more than 200 operational GCCs across sectors such as banking, financial services, semiconductors, engineering, healthcare and digital services. The state aims to establish more than 500 GCCs by 2031.
The latest agreements are expected to strengthen the state’s investment ecosystem and improve opportunities for skilled professionals.
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