India, Feb. 11 -- Gujarat chief minister Bhupendra Patel on Tuesday announced a new policy to establish 250 global capability centres (GCC) in the state and attract an investment of over Rs.10,000 crore over the next five years.

Patel said the initiative will generate over 50,000 jobs.

At the launch event at the GIFT City in Gandhinagar, the chief minister said GCCs have evolved from cost-saving units to strategic innovation hubs, providing services across technology, finance, analytics, engineering, and research sectors. He highlighted Gujarat's infrastructure development, including projects in GIFT City and innovation clusters in major cities like Ahmedabad, Gandhinagar, Vadodara, and Surat.

The chief minister said his government was...