In a significant step towards positioning Uttar Pradesh as a major hub for global investment and technology services, the Cabinet has approved proposals to issue Letters of Comfort (LoCs) to four industrial units under the Uttar Pradesh Global Capability Centre (GCC) Policy-2024. These four units will pave the way for a proposed investment of ₹1,709.84 crore in the state.
The approved proposals include Havells India Limited, Ameriprise India LLP, MetLife Global Operations Support Center Private Limited and LG Soft India Private Limited. With these projects proposed to be established in Gautam Buddha Nagar, the state’s global capability centre ecosystem is expected to gain strength, while high-skilled business activities are set to expand.
Havells India Limited has proposed an investment of ₹879 crore. The project is proposed to be established in Gautam Buddha Nagar under the New Okhla Industrial Development Authority (Noida). The proposal to extend incentives to the company on a case-to-case basis has been approved.
Ameriprise India LLP has proposed an investment of ₹112.84 crore. The project is proposed to be established on private land at Embassy Oxygen Business Park in Gautam Buddha Nagar. The company will be eligible for incentives in accordance with the policy.
MetLife Global Operations Support Center Private Limited has proposed an investment of ₹84 crore. Its proposed unit will also be established on private land at Embassy Oxygen Business Park in Gautam Buddha Nagar. The proposal to extend incentives to the company under the GCC Policy has been approved.
Meanwhile, LG Soft India Private Limited has proposed an investment of ₹634 crore. The project is proposed to be established in Gautam Buddha Nagar under the Noida Authority. The proposal to extend incentives to the company on a case-to-case basis has been approved.
Finance Minister Suresh Kumar Khanna said, “The Uttar Pradesh government had notified the Uttar Pradesh Global Capability Centre Policy-2024 on May 7, 2025, with the objective of positioning the state as a competitive investment destination at the national and international levels. To ensure its effective implementation, the GCC Implementation Rules-2025 were also issued on January 7, 2026.”
He added, “In this regard, the proposals of all four industrial units were deliberated upon at a meeting of the high-level empowered committee, constituted under the chairmanship of the Chief Secretary, Uttar Pradesh, on July 10, 2026. With the Cabinet’s approval, the way has now been cleared for issuing Letters of Comfort to these units.”
Global Capability Centres are facilities where multinational and large companies undertake technology development, research, financial services, digital operations, engineering and other global business functions. Their expansion is expected to create new investment opportunities, increase employment prospects for skilled youth and strengthen Uttar Pradesh’s position in the global business services sector.
Key figures
- Total proposed investment: ₹1,709.84 crore
- Havells India Limited: ₹879 crore
- Ameriprise India LLP: ₹112.84 crore
- MetLife Global Operations Support Center: ₹84 crore
- LG Soft India Private Limited: ₹634 crore
- Project location: Gautam Buddha Nagar
Proposals of Havells, Ameriprise, MetLife and LG Soft India approved
High-skilled employment and global business activities to receive a boost in the state
