Lucknow (Uttar Pradesh), Oct 26: Chief Minister Yogi Adityanath presided over the GCC Innovation Summit 2026 in Lucknow on Monday, where five companies received Letters of Comfort from the Uttar Pradesh government and Memoranda of Understanding were signed with Global Capability Centre (GCC) investors, Nation Press reported.
Source: Nation Press
IIT Kanpur and HCLTech jointly released a White Paper on GCC development at the summit. The Chief Minister's Office said Yogi Adityanath pledged every possible support to investors to strengthen and expand the GCC ecosystem in the state, Nation Press reported.
Source: Nation Press
Moneycontrol reported that a key investment highlighted at the summit was LG's planned Rs 634 crore eco-solutions Global Capability Centre — yaani about Rs 6.34 billion — which is expected to begin operations by the end of the year, alongside deep-tech and AI initiatives in Lucknow and Noida.
Source: Moneycontrol
Uttar Pradesh has set a target of establishing more than 500 Global Capability Centres by 2031, with more than 200 GCCs already operating in the state. The summit was organised by the IIT Kanpur Alumni Association in collaboration with Invest UP and HCLTech, News Street Live reported.
Source: News Street Live
Under the Uttar Pradesh GCC Policy 2024, eligible investors can avail capital subsidies of up to 25 per cent and land subsidies of up to 50 per cent, subject to the prescribed conditions, according to reports on the summit.
Source: News Street Live