Srinagar, Oct. 7 -- Ask the chief financial officer of a Global Capability Centre what it costs to run. The answer begins with people. Salaries and benefits take the largest share of a centre's annual budget. Rent and technology account for most of the remainder. Plant and machinery barely feature.

That simple fact should shape how Jammu and Kashmir competes for the sector. And that simple fact is what the J&K Government is going to position at the J&K GCC Summit 2026, being organized by Government of J&K and IIM Jammu. A capability centre is a ten-year commitment to recurring cost. The location decision turns on what the centre will cost to run in its fifth and eighth years, discounted to today. The one-time cost of setting up is a mino...