Brookfield's Billion-Dollar Investment in Maharashtra's Global Capability Centre

Brookfield is investing over USD 1 billion to establish a Global Capability Centre in Maharashtra, creating 45,000 jobs. The project, set up with B S Sharma in Powai, will be the largest in Asia and powered by green energy. It reflects Brookfield's expansion ambitions in India.

Maharashtra Chief Minister Devendra Fadnavis announced a significant investment by asset manager Brookfield, which plans to inject over USD 1 billion into establishing a Global Capability Centre (GCC) in the state.

The forthcoming GCC, expected to generate 45,000 jobs, marks a pivotal development as formal agreements are finalized. Situated in suburban Powai, the project covers six acres, scheduled for completion by 2029, and will feature a 20 lakh sq ft lettable area.

Brookfield, in collaboration with B S Sharma, is driving the project, with all GCC power needs being met by green energy. As one of India's leading office operators, Brookfield is scaling up its investments to handle USD 100 billion in assets within five years, reaffirming its commitment to the region's growth.

(With inputs from agencies.)