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.
UNI BA SAS
Please log in to get detailed story.
Tags: #Brookfield# FedEx to set up GCCs in Mumbai
More News

Adani merges two Group Companies to expand MRO Business

22 Jan 2026 | 9:31 PM

Mumbai, Jan 22 (UNI) The Adani Group has announced that it plans to merge Air Works and Indamer which are both companies owned by it to expand its presence in the aircraft maintenance, repair and overhaul (MRO) business.

see more..

22 Jan 2026 | 9:27 PM

Hyderabad, Jan 22 (UNI) Cyient, a global Intelligent Engineering Solutions company, on Thursday reported a robust set of numbers for the third quarter of FY26, underscoring steady execution and the impact of its strategic initiatives despite a challenging global macro environment.

see more..

Telangana AI innovation hub draws strong support at WEF 2026, signs key MoUs

22 Jan 2026 | 9:08 PM

Davos/Hyderabad, Jan 22 (UNI) Telangana’s push to emerge as a global AI hub received a major boost at the World Economic Forum (WEF) 2026 in Davos, as the Chief Minister A Revanth Reddy-led ‘Telangana Rising’ delegation signed key Memorandums of Understanding (MoUs) to strengthen AI skilling, healthcare innovation and startup opportunities.

see more..

Gold-loan NBFC assets seen crossing Rs 4 lakh crore by FY27: Crisil

22 Jan 2026 | 7:19 PM

New Delhi, Jan 22 (UNI) The Assets Under Management (AUM) of non-banking financial companies (NBFCs) focused on gold loans are projected to cross Rs 4 lakh crore by March 2027, driven by high gold prices, rising demand for secured credit, and regulatory streamlining, according to Crisil Ratings.

see more..

Stock market bounces back riding on positive global cues

22 Jan 2026 | 6:13 PM

New Delhi, Jan 22 (UNI) Indian stock market on Thursday witnessed a strong bounce-back supported by positive global cues.

see more..