Current Affairs - Business - Discussion

Chennai will be the location of Starbucks’ first Global Capability Centre (GCC) in India. Starbucks Coffee has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government through Guidance Tamil Nadu to establish the technology and global capability hub. The centre is expected to create around 800 high-value technology jobs in its first phase. It will support Starbucks’ global operations through functions such as software development, finance, product development and research. The Chennai GCC will operate independently of Starbucks’ existing Indian retail joint venture with Tata Consumer Products, further strengthening Chennai’s position as a major GCC destination.