Maharashtra, Brookfield to Build Asia’s Largest GCC
Real Estate

Maharashtra, Brookfield to Build Asia’s Largest GCC

The Maharashtra government, in collaboration with Brookfield Corporation, plans to develop Asia’s largest Global Capacity Centre with an investment of over $1 billion, Chief Minister Devendra Fadnavis said on Friday at the Jio World Centre. A memorandum of understanding for the project is expected to be signed shortly.

Aligned with the state’s ambition to position Maharashtra as the “GCC capital”, the proposed centre will span nearly 2 million square feet and is expected to generate 15,000 direct jobs and a further 30,000 indirect employment opportunities. Fadnavis said the project could be among the largest of its kind globally and would significantly strengthen the state’s role in hosting global in-house operations.

Beyond Brookfield, the state government is also in discussions with logistics major FedEx to establish additional GCCs in Mumbai and Navi Mumbai. Maharashtra has earlier announced plans to set up around 400 GCCs across the state over the next five years, with Pune identified as a key growth hub. On regulation, Fadnavis said the initial focus would remain on tier-1 cities such as Mumbai and Pune before expanding to tier-2 locations.

Workspace solutions provider WeWork has previously indicated that India’s GCC workforce could expand sharply to between 10 million and 20 million over time. Global companies are increasingly shifting from outsourcing to insourcing, as operating GCCs in India is more cost-effective than routing services through traditional IT providers.

The Maharashtra government, in collaboration with Brookfield Corporation, plans to develop Asia’s largest Global Capacity Centre with an investment of over $1 billion, Chief Minister Devendra Fadnavis said on Friday at the Jio World Centre. A memorandum of understanding for the project is expected to be signed shortly. Aligned with the state’s ambition to position Maharashtra as the “GCC capital”, the proposed centre will span nearly 2 million square feet and is expected to generate 15,000 direct jobs and a further 30,000 indirect employment opportunities. Fadnavis said the project could be among the largest of its kind globally and would significantly strengthen the state’s role in hosting global in-house operations. Beyond Brookfield, the state government is also in discussions with logistics major FedEx to establish additional GCCs in Mumbai and Navi Mumbai. Maharashtra has earlier announced plans to set up around 400 GCCs across the state over the next five years, with Pune identified as a key growth hub. On regulation, Fadnavis said the initial focus would remain on tier-1 cities such as Mumbai and Pune before expanding to tier-2 locations. Workspace solutions provider WeWork has previously indicated that India’s GCC workforce could expand sharply to between 10 million and 20 million over time. Global companies are increasingly shifting from outsourcing to insourcing, as operating GCCs in India is more cost-effective than routing services through traditional IT providers.

Related Stories

Gold Stories

Next Story
Real Estate

Anshul Singhal launches Vantrock with Rs 42 billion development plan

Real estate professional Anshul Singhal has launched Vantrock Real Assets Private Limited (VRAPL), a Mumbai-headquartered platform focused initially on warehousing, industrial and logistics parks. The company plans to develop approximately 11.5 million sq ft of assets, with an estimated gross development value (GDV) of Rs 42 billion (approximately USD 434 million) on completion.The first phase will cover around 3 million sq ft across the National Capital Region (NCR), Bengaluru and Pune, with an estimated development value of Rs 11 billion (approximately USD 113 million). Construction is sched..

Next Story
Infrastructure Transport

Afcons wins CII award for biodiversity management

Afcons Infrastructure has received the Confederation of Indian Industry (CII) National Award for Environmental Best Practices 2026 in the Biodiversity Management category for its work on the Mumbai-Ahmedabad High Speed Rail Project’s C-2 package.The award was presented at a ceremony in Chennai on 9 October 2026. It was received by Mihir Mishra, Vice-President, CPE, and Sumon Paul, Assistant General Manager, HSE, along with the Afcons team.The project adopted several resource recovery and waste management practices. These included recycling concrete washout waste to recover sand, aggregates a..

Next Story
Technology

Indian businesses lead globally in planned AI investment, says Autodesk

Indian organisations are moving towards deeper integration of artificial intelligence (AI), digital technologies and sustainability into business operations, according to Autodesk’s 2026 State of Design & Make report. The fourth edition of the annual study highlights growing AI adoption, measurable outcomes from digital transformation and the role of sustainability in long-term business growth.The report found that 64 per cent of Indian organisations are approaching or have achieved their current AI goals. While 88 per cent believe AI will enhance their industry, up from 78 per cent in 2..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code