Karnataka Digital Economy Mission (KDEM) and GoodWorks Group sign MoU targeting ₹5,000 crore GCC investment

Key facts

• Karnataka Digital Economy Mission (KDEM) and GoodWorks Group signed an MoU on August 6 targeting investment commitments of more than ₹5,000 crore for 50 new Global Capability Centres (GCCs) in Karnataka.
• The initiative is projected to generate more than 62,500 direct and indirect jobs, including 12,500 direct high-skilled jobs.
• It could create around ₹2,250 crore in annual salaries and absorb approximately 1.25 million square feet of commercial real estate.
• The partnership will focus on high-value sectors including artificial intelligence, engineering, financial services, manufacturing, healthcare and semiconductors.
• International outreach will cover North America, Europe, Japan, South Korea and the Middle East.
• Karnataka hosts over 1,100 GCCs, about 40% of India's GCC base, contributing more than $22 billion to the state's economic output.