Maharashtra is set to attract a major foreign investment as Brookfield Properties plans to invest over $1 billion to build a large global capability centre facility in the state, Chief Minister Devendra Fadnavis said on Friday. The project is expected to strengthen the state’s position as a key destination for global business operations and technology driven services.
Fadnavis said he held discussions with senior Brookfield executives and the company has finalised plans for a 2 million sq. ft. GCC facility. The centre is expected to be the largest of its kind in Asia and possibly in the world. He said the investment would generate more than 15,000 direct jobs and support another 30,000 jobs indirectly. “It (investment) will be more than $1 billion. One single project will create 45,000 jobs,” Fadnavis told reporters on the sidelines of an event. A formal agreement between the state government and the asset manager will be signed in due course.
As global companies focus on modernisation, risk management and digital transformation, GCCs have emerged as critical hubs supporting core operations. These centres are no longer seen only as cost saving units but as key drivers of engineering, innovation and global delivery. A senior official said the chief minister met Brookfield executive Ankur Gupta and confirmed that the facility will be developed in suburban Powai. The state government is also concentrating on the Mumbai and Pune regions to expand such centres.
Brookfield Asset Management has been present in India for around 15 years and currently manages assets worth about $30 billion across infrastructure, real estate, renewable power and private equity. In May this year, the firm said it aims to more than triple its assets under management in India to $100 billion over the next 5 years. Maharashtra has introduced a dedicated GCC policy earlier this year with a target of creating 4 lakh new jobs and the proposed Brookfield project is seen as a key step toward achieving that goal.
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