KDEM enters MoU with Goodworks Group to attract fresh investment of ₹5,000 crore in new GCCs; create over 62,000 new jobs
The Karnataka Digital Economy Mission (KDEM) has partnered with GoodWorks Group to attract ₹5,000 crore in investments for Global Capability Centres (GCCs). The initiative aims to establish 50 new centers and create over 62,000 jobs in the state over the next five years.
Why it matters
This partnership signals a strategic push to solidify Karnataka's position as a global hub for corporate innovation and high-value employment.
Karnataka Digital Economy Mission (KDEM), an entity designed to function as the knowledge bridge between the Government of Karnataka and the industry ecosystem to accelerate the development of the State’s IT, BT, and S&T sectors, and GoodWorks Group, a tech ecosystem enabler, have entered into a Memorandum of Understanding to jointly accelerate Karnataka’s next phase of growth as the world’s leading destination for Global Capability Centres (GCCs).
Under the partnership, the collaborators are targeting to attract an additional investment of ₹5,000 crore in 50 new GCCs and expansions of existing GCCs in the State in the next five years.
The partnership would focus on attracting global enterprises to establish and expand their operations in Karnataka while strengthening the State’s overall GCC ecosystem through investment promotion, international outreach, policy support, industry engagement, research, talent initiatives and strategic collaborations.
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