Brookfield's USD 1 Billion Investment to Transform Maharashtra with Largest Global Capability Centre

Brookfield is poised to make a transformative leap in Maharashtra with a staggering investment exceeding USD 1 billion, aimed at establishing a landmark Global Capability Centre (GCC), Chief Minister Devendra Fadnavis announced on Friday. This initiative is projected to generate over 45,000 jobs, with 15,000 jobs directly stemming from the facility.

Fadnavis shared insights from discussions with Brookfield executives, highlighting plans for a 2 million square foot facility in Powai, anticipated to stand as the largest of its kind in Asia. This move aligns with the state's GCC policy launched earlier to create substantial employment and economic growth, particularly focusing on Mumbai and Pune.

The formal agreement between the Maharashtra government and Brookfield will be finalized soon. In line with strategic expansion, Brookfield aims to significantly escalate its assets under management in India, currently USD 30 billion, to USD 100 billion within five years, spanning infrastructure, real estate, renewable power, and private equity sectors.

Brookfield is a leading global alternative asset manager with over 125 years of experience in real estate, infrastructure, renewable power, and private equity. The company's investment in Maharashtra underscores its commitment to fostering economic development and job creation in the region. The new GCC will not only provide employment opportunities but also contribute to the state's technological and industrial advancement.

The project is expected to attract further investments and collaborations, positioning Maharashtra as a hub for global business operations. The state government's proactive approach in facilitating such initiatives is a testament to its commitment to creating a conducive business environment. With the GCC, Maharashtra aims to enhance its global competitiveness and attract more multinational companies to set up their operations in the region.

Brookfield's investment is a significant step towards achieving the state's vision of becoming a leading economic powerhouse in India. The company's expertise in various sectors will help in developing a robust infrastructure and creating a skilled workforce capable of meeting the demands of the global market. This initiative is expected to have a ripple effect, benefiting not only the direct employees but also the local economy and communities.

The formal agreement and the subsequent establishment of the GCC are anticipated to set a new benchmark for similar investments in the state. It is a clear indication of the confidence that global players have in Maharashtra's economic potential and the government's ability to support large-scale projects. The success of this venture will likely encourage more companies to consider Maharashtra as a preferred destination for their business operations.