LUCKNOW, May 18 -- With a focus on attracting Fortune 500 companies and foreign direct investment (FDI), the UP Global Capability Centres (GCC) Policy 2024 aims to position cities like Noida, Lucknow, Kanpur, and Varanasi as thriving hubs for technology and digital services, state government officials said on Sunday.

The government has set a target of generating over two lakh jobs in the next five years, and special incentives are being offered to attract investment from top global corporations, they added.

The policy lays out clear rules for setting up level-1 and advanced GCCs. For level-1 GCCs, companies must invest at least Rs.15 crore or employ 500 people outside Gautam Buddha Nagar and Ghaziabad. In these two districts, the minimu...