India's Karnataka state aims to double its global capability centres (GCCs) count to 1,000 and create 350,000 new jobs by 2029, according to a draft policy launched on Friday aimed at attracting more foreign companies to set up local offices.

While India has focused on exemptions for electric cars, the move could make the state, home to the tech hub of Bengaluru, the second after northern Uttar Pradesh to provide tax breaks to hybrid cars,

Following UP’s tax waiver on hybrid cars, Karnataka is now aiming to reduce levies and give financial incentives to firms in the clean mobility space, which includes a significant cut for hybrid vehicles.

By Sarita Chaganti Singh, Aditya Kalra and Aditi Shah NEW DELHI (Reuters) - India's southern state of Karnataka plans to cut levies and offer financial incentives to companies in the clean mobility sector,

India's southern state of Karnataka plans to cut levies and offer financial incentives to companies in the clean mobility sector, including a steep tax cut for hybrid cars that will be a boost for Toyota,