Daijiworld Media Network – Mumbai

Mumbai, Dec 13: Brookfield Corporation, a global investment and asset management firm, will establish Asia’s largest global capability centre (GCC) in Mumbai, Chief Minister Devendra Fadnavis announced on Friday. The six-acre Powai project is expected to be completed by 2029 and represents a billion-dollar investment.

Fadnavis said the GCC will generate 45,000 jobs, including 15,000 direct and 30,000 indirect positions. “Our aim is to make Maharashtra the GCC capital. An MoU with Brookfield will be signed soon,” he added.

Brookfield confirmed a 20-year lease with a multinational bank for the facility and said the project will set a benchmark in Asia’s office sector. “This reinforces our commitment to Mumbai as India’s financial capital and aligns with our philosophy of creating high-quality, sustainable workplaces,” said Ankur Gupta, Deputy Chief Investment Officer and Head of Asia Pacific and Middle East, Brookfield.

In a related development, FedEx Corporation also agreed to set up a GCC and additional operations in Mumbai and Navi Mumbai, according to Fadnavis, highlighting the city’s growing appeal as a hub for global corporate centres.