KDEM enters MoU with Goodworks Group to attract fresh investment of ₹5,000 crore in new GCCs; create over 62,000 new jobs
The collaborators are targeting to attract an additional investment of ₹5,000 crore in 50 new GCCs and expanding existing GCCs in the State in the next five years
Kerala Digital Economy Mission (KDEM) and GoodWorks Group have signed a Memorandum of Understanding to boost Karnataka’s growth as a top destination for Global Capability Centres (GCCs). The partnership aims to attract an additional ₹5,000 crore investment in 50 new GCCs and expansion of existing ones in the next five years. This collaboration is expected to create over 62,500 direct and indirect jobs and generate ₹2,250 crore in annual salaries.
Additionally, the partnership will lead to the creation of 1.25 million sq. ft commercial real estate. GoodWorks Group CEO Sanjeev Gupta highlighted how the collaboration leverages complementary strengths to enhance Karnataka’s value proposition for global enterprises. Co-founder Vishwas Mudagal of GoodWorks Group stated that India’s GCC opportunity is entering its most exciting phase, and Karnataka is poised to lead the transformation globally.
The partnership will also focus on developing specialised ecosystem initiatives, including virtual Centres of Excellence for strategic industries, and promoting Karnataka in key international markets.
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