Seven Indian states have rolled out dedicated Global Capability Centre policies aimed at setting up around 1,380 new GCCs and creating close to 12 lakh jobs by 2031, according to a CBRE report released on 14 August 2026.
The report, titled The Policy Advantage: Powering India’s GCC Growth, names Karnataka, Maharashtra, Rajasthan, Gujarat, Kerala, Haryana and Madhya Pradesh as the states with formal GCC policies. Together they are targeting a cumulative 1.18 million jobs by 2031.
Karnataka carries the largest ambition, aiming for 500 GCCs and 3.5 lakh jobs. Maharashtra is targeting 200 centres with scope for 4 lakh jobs, while Rajasthan is looking at more than 200 GCCs and 1.5 lakh jobs. Gujarat has set a target of over 250 GCCs and 50,000 jobs, Kerala 80 GCCs and 1.6 lakh jobs, Haryana more than 100 GCCs and 30,000 jobs, and Madhya Pradesh over 50 GCCs and 37,000 jobs.
“The speed at which state governments have moved to formalise dedicated GCC policies is unprecedented in India’s commercial real estate landscape,” said Anshuman Magazine, Chairman and CEO for India, South-East Asia, Middle East and Africa at CBRE. He added that these centres are now a central pillar that states are actively competing to host through targeted incentives, faster approvals and long-term infrastructure commitments.
Beyond the seven policy states, Tamil Nadu has introduced specialised incentives for GCC employees, while Telangana and Delhi have adopted frameworks to encourage ecosystem development. Kerala is among the states that have proposed draft policies.
The policy push is showing up in real estate demand. GCCs leased over 123 million sq ft of office space across India’s top nine cities between 2022 and the first half of 2026, with their share of total office leasing rising from about 29% in 2022 to around 43% in H1 2026. Technology, BFSI and engineering and manufacturing together accounted for more than 60% of that leasing activity, at 23%, 22% and 16% respectively.
According to the report, over half of India’s GCCs have matured into portfolio and transformation hubs, and about 90% now operate as multi-functional units. Ram Chandnani, Managing Director, Leasing Services, India, at CBRE, said state policy frameworks are increasingly translating into on-the-ground real estate demand.
