Asia’s Largest Global Capability Centre to be developed in Powai

Mumbai has been identified as the future location for what is expected to become Asia’s largest Global Capability Centre, marking a significant milestone in Maharashtra’s efforts to attract large-scale multinational investments. The proposed centre, to be developed by global alternative asset management firm Brookfield Corporation, has been positioned as a major contributor to employment generation, infrastructure growth, and the strengthening of India’s global business footprint.

The announcement was made by the Maharashtra government, underlining the state’s intention to transform Mumbai into a preferred hub for Global Capability Centres. GCCs are offshore operational units that handle critical global functions such as information technology, finance, analytics, and research and development. These centres are widely adopted by multinational corporations to optimise costs while accessing highly skilled talent pools.

It has been stated that a six-acre land parcel in Powai has been finalised for the project. The development is expected to generate approximately 45,000 employment opportunities, including an estimated 15,000 direct roles and nearly 30,000 indirect jobs. The overall investment associated with the project has been projected to exceed one billion US dollars. According to state officials, a formal memorandum of understanding is expected to be signed to advance the project.

Details shared by Brookfield indicated that the Powai facility would be developed under a long-term, 20-year lease agreement with a multinational banking institution. The completion timeline has been set for 2029, by which time substantial capital inflows are anticipated. The development is being undertaken through a structured agreement involving the Mumbai Metropolitan Region Development Authority, reflecting coordinated efforts between public authorities and private investors.

Senior leadership at Brookfield has described the project as a landmark development that would establish new standards for office infrastructure across Asia. The initiative has been presented as further validation of Maharashtra’s growing reputation as a GCC destination for large multinational corporations. The company has also reiterated its long-term commitment to Mumbai, citing its existing real estate investments in the city.

The proposed GCC follows a series of recent expansions by Brookfield in India. A similar GCC-focused development was commissioned in Pune in 2024, while an earlier agreement with MMRDA outlined plans for multi-billion-dollar investments across the Mumbai Metropolitan Region. Additional land acquisitions in Bandra Kurla Complex for mixed-use development have further strengthened Brookfield’s presence in India’s commercial real estate sector.

In parallel, discussions with FedEx Corporation regarding the establishment of GCC and operational facilities in Mumbai and Navi Mumbai have also been reported. These talks have been described as constructive, indicating rising global interest in the region’s strategic location, airport connectivity, and business ecosystem.  Collectively, these developments have been positioned as reinforcing Mumbai’s emergence as a global business and operations hub, with long-term implications for employment, foreign investment, and economic growth in Maharashtra.