Asia’s Largest Global Capability Centre to Rise in Powai, Mumbai Mumbai | Undercover Editor News Channel Mumbai is set to host what is expected to become Asia’s largest Global Capability Centre (GCC), marking a major milestone in Maharashtra’s push to position itself as a global hub for multinational business operations. The ambitious project will be developed in Powai by global alternative asset management major Brookfield Corporation and is projected to bring massive investment, employment generation, and long-term economic growth to the region. The Maharashtra government announced the development, highlighting its strategic importance in strengthening Mumbai’s global business footprint. Global Capability Centres serve as offshore operational hubs for multinational corporations, handling high-value functions such as information technology, finance, analytics, risk management, and research and development. India has emerged as a preferred destination for GCCs due to its skilled workforce and robust digital infrastructure. Massive Investment, Thousands of Jobs According to officials, a six-acre land parcel in Powai has been finalised for the project. Once operational, the centre is expected to generate around 45,000 jobs, including approximately 15,000 direct employment opportunities and nearly 30,000 indirect jobs across allied sectors such as services, logistics, and infrastructure. The overall investment associated with the project is estimated to exceed USD 1 billion, making it one of the most significant single-location commercial developments in the region. A formal Memorandum of Understanding (MoU) is expected to be signed soon to advance the project. Long-Term Vision and Timeline                     Brookfield has revealed that the Powai GCC will be developed under a 20-year long-term lease agreement with a multinational banking institution, underscoring the scale and global nature of the project. The centre is targeted for completion by 2029, by which time substantial capital inflows and infrastructure development are expected to be realised. The project is being implemented through a structured framework involving the Mumbai Metropolitan Region Development Authority (MMRDA), reflecting close coordination between public authorities and private investors to ensure timely execution. Boost to Maharashtra’s GCC Ecosystem Senior Brookfield executives have described the Powai development as a landmark project that will set new benchmarks for office infrastructure and sustainable commercial spaces across Asia. The initiative further reinforces Maharashtra’s growing reputation as a preferred destination for Global Capability Centres. Brookfield has reiterated its long-term commitment to Mumbai, citing its expanding real estate portfolio and confidence in the city’s business ecosystem. The company already has a strong presence in India’s commercial real estate sector. Part of a Larger Expansion Strategy The proposed Powai GCC follows Brookfield’s recent expansion activities in India. In 2024, the firm commissioned a similar GCC-focused development in Pune. Additionally, an earlier agreement with MMRDA outlined plans for multi-billion-dollar investments across the Mumbai Metropolitan Region. Brookfield has also acquired land in Bandra Kurla Complex (BKC) for mixed-use developments, further strengthening its footprint in Mumbai’s prime commercial zones. Rising Global Interest in Mumbai In parallel, discussions between the Maharashtra government and FedEx Corporation regarding the establishment of GCC and operational facilities in Mumbai and Navi Mumbai have been reported as positive. Officials say these talks reflect growing global interest in the region, driven by its strategic location, international airport connectivity, and evolving business ecosystem. A New Global Business Hub                                                                              Collectively, these developments signal Mumbai’s steady emergence as a global business and operations hub. With large-scale foreign investment, employment creation, and world-class infrastructure on the horizon, the Powai GCC project is expected to have long-term implications for Maharashtra’s economic growth and global standing.