KDEM Signs MoU with GoodWorks Group to Attract ₹5,000 Crore Investment for 50 New GCCs in Karnataka
The Karnataka Digital Economy Mission (KDEM) has signed a Memorandum of Understanding with GoodWorks Group to attract fresh investment for new Global Capability Centres (GCCs) in the state. The agreement was signed on August 6 and focuses on investment promotion, international outreach, policy support, talent development, and ecosystem building for global companies looking to establish or expand operations in Karnataka.
Under the partnership, KDEM and GoodWorks Group aim to facilitate the establishment of 50 new GCCs in Karnataka and attract investment commitments of more than ₹5,000 crore. As part of the collaboration, GoodWorks Group and Sansovi GCC will work closely with KDEM to support global investor engagement, organise sector-focused roundtables, facilitate international business delegations, prepare industry research and GCC reports, and support policy implementation initiatives.
An economic impact assessment by GoodWorks Group estimates that the initiative could generate more than 62,500 direct and indirect jobs, create around ₹2,250 crore in annual salaries, and drive the absorption of approximately 1.25 million square feet of commercial real estate over the coming years. Of these, the initiative has the potential to generate over 12,500 high-skilled direct jobs and another 50,000 indirect jobs across supporting industries.
Karnataka currently hosts more than 1,100 GCCs, accounting for around 40% of India's GCC base, and the sector contributes more than $22 billion in economic output to the state. The new outreach programme will target companies from North America, Europe, Japan, South Korea, and the Middle East, as competition for GCC investments increases from states including Telangana, Tamil Nadu, Maharashtra, and Andhra Pradesh.