Business EconomyPosted at: Dec 14 2025 1:39AM


Brookfield, FedEx to set up GCCs in Mumbai

Mumbai, Dec 13 (UNI) Global alternative asset management and investment firm, Brookfield as well as FedEx Corporation plan to set up Asia’s largest global capability centre (GCC) in Mumbai, Maharashtra Chief Minister Devendra Fadnavis has announced.
GCCs are offshore units which support global operations of companies by handling functions such as infotech, finance, or R&D, to leverage global talent as well as cutting costs.
Fadnavis confirmed that Brookfield has finalised a six-acre plot in Powai to set up its GCC project.
“Brookfield GCC will create a total 45,000 job opportunities, including 15,000 direct and 30,000 indirect employment opportunities. It will be more than a billion-dollar investment. Our attempt is to make Maharashtra the GCC capital. Soon, the state government will sign a memorandum of understanding (MoU) with them,” Fadnavis said after meeting Brookfield Asset Management's Managing Partner Ankur Gupta, at the Jio Convention Centre at the Bandra Kurla Complex.
Brookfield has signed a 20-year lease with a multinational bank to set up the Powai facility. “It is expected to be completed by 2029, which will attract investments of over 1 billion dollars. It is being developed through an agreement between the Mumbai Metropolitan Region Development Authority (MMRDA) and a venture led by Brookfield,” according to a Brookfield statement.
Fadnavis stated that FedEx Corporation, also plans to base its GCC and other operations in Mumbai and Navi Mumbai. “FedEx is a big name in the logistics sector. Today, I met Vishal Talwar, executive vice-president of FedEx Corporation, Sri Lakshmi Tadepalli, vice-president, FedEx Corporation, and Kami Viswanathan, president, Middle East, Indian Subcontinent, and Africa (MEISA) region, FedEx. We discussed setting up GCC and different operations in the vicinity of airports in Mumbai and Navi Mumbai. Our talks concluded on a positive note,” Fadnavis said.
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Tags: #Brookfield# FedEx to set up GCCs in Mumbai
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