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Starbucks Plans Global Capability Center in Chennai, India, Creating About 800 Jobs in First Phase
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According to a government source, Starbucks plans to establish a Global Capability Center (GCC) in Chennai, India, which will initially create approximately 800 jobs. The center will be set up in the southern Indian city of Chennai (formerly Madras). Starbucks operates around 500 stores in India through a joint venture with Tata Consumer Products. This announcement follows a similar move by Walgreens, which signed an agreement with the Tamil Nadu state government to set up a GCC in the same city. Other multinationals like Citigroup, Barclays, and American Express already have technology centers in Chennai. The report notes that GCCs have evolved beyond low-cost back-office support to handle high-value functions such as finance, software development, and research and development for their parent companies.
Source report
A government source revealed on Monday that U.S. coffee giant Starbucks plans to set up a Global Capability Center (GCC) in the southern Indian city of Chennai. The first phase of the project is expected to create approximately 800 jobs.
Starbucks operates around 500 stores in India through a joint venture with Tata Consumer Products.
The announcement comes just days after U.S. pharmacy chain Walgreens signed an agreement with the Tamil Nadu government to establish a GCC in Chennai, the state capital. Other multinational corporations, including Citigroup, Barclays, and American Express, have already set up technology centers in the city.
Global Capability Centers are no longer limited to low-cost back-office support. Multinational companies are increasingly using these centers to handle high-value functions such as finance, software development, and research and development, providing critical support to their headquarters.
Source
新浪财经Regional
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Starbucks to establish global tech hub in Chennai, India, creating 800 jobs