💨 Abstract

The West Bengal government is planning to announce policies for Global Capability Centers (GCC) and semiconductors to position the state as the next IT destination in India. The government aims to offer incentives like duty and tax waivers to attract technology firms. The policies are designed to create digital infrastructure in the state, with GCCs being offshore units of multinational companies providing substantial employment opportunities.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖