{
  "id": 358049,
  "title": "KDEM enters MoU with Goodworks Group to attract fresh investment of ₹5,000 crore in new GCCs; create over 62,000 new jobs",
  "url": "https://urgent.news/2026/08/09/kdem-enters-mou-with-goodworks-group-to-attract-fresh-investment-of-5",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-09T08:05:52.000Z",
  "source": {
    "name": "The Hindu",
    "slug": "the-hindu",
    "url": "https://www.thehindu.com/news/national/karnataka/kdem-enters-mou-with-goodworks-group-to-attract-fresh-investment-of-5000-crore-in-new-gccs-create-over-62000-new-jobs/article71322590.ece"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "The Karnataka Digital Economy Mission (KDEM) and GoodWorks Group have signed a Memorandum of Understanding to attract an additional investment of ₹5,000 crore in 50 new Global Capability Centres (GCCs) and expansions in Karnataka over the next five years. The partnership aims to create over 62,500 direct and indirect jobs, generate an annual economic impact of ₹2,250 crore through salaries, and require 1.25 million sq. ft of commercial real estate. GoodWorks Group and Sansovi GCC will work closely with KDEM to support global investor engagement, organize sector-focused roundtables, facilitate international business delegations, prepare industry research, support policy implementation, build knowledge platforms, strengthen academia-industry partnerships, and promote Karnataka in key international markets.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}