December 13, 2025: Mumbai has been identified as the future site of what is expected to become Asia’s largest Global Capability Centre (GCC), marking a major step in Maharashtra’s strategy to attract large-scale multinational investments. The proposed development, to be undertaken by global alternative asset management firm Brookfield Corporation, is being positioned as a significant driver of employment generation, infrastructure expansion, and the strengthening of India’s global business footprint.
The announcement was made by the Maharashtra government, highlighting its intent to position Mumbai as a preferred destination for Global Capability Centres. GCCs function as offshore operational hubs for multinational corporations, supporting critical global activities such as information technology, finance, analytics, and research and development, while enabling access to skilled talent at competitive costs.
According to information shared, a six-acre land parcel in Powai has been finalised for the project. The development is expected to create around 45,000 jobs, comprising approximately 15,000 direct positions and nearly 30,000 indirect employment opportunities. The total investment associated with the project is projected to exceed USD 1 billion, underlining its scale and long-term economic impact. State officials have indicated that a formal memorandum of understanding is expected to be signed to progress the initiative.
Brookfield has stated that the Powai facility will be developed under a structured, long-term 20-year lease arrangement with a multinational banking institution. The project is targeted for completion by 2029, by which time substantial capital inflows are anticipated. The development is being executed through a coordinated framework involving the Mumbai Metropolitan Region Development Authority, reflecting collaboration between public authorities and private investors.
Senior leadership at Brookfield has described the project as a landmark initiative that is expected to set new benchmarks for office infrastructure in Asia. The proposed GCC builds on Brookfield’s expanding footprint in India, following a similar development commissioned in Pune in 2024 and earlier multi-billion-dollar investment plans across the Mumbai Metropolitan Region. Parallel discussions with FedEx Corporation for GCC and operational facilities in Mumbai and Navi Mumbai further underscore growing global interest in the region, reinforcing Mumbai’s emergence as a leading global business and operations hub.
