Starbucks Plans Global Capability Centre in India
Starbucks is reportedly planning to establish a global capability centre in Chennai, India, which could create around 800 jobs during its initial phase. The move would expand the company's presence beyond its existing coffee shop operations through a joint venture with Tata Consumer Products (TATACONSUM.NS). While specific details about investment amounts or functions of the new facility remain undisclosed, the development aligns with India’s growing appeal as an offshore hub for corporate and technology operations. The proposed centre follows similar international expansions in Chennai by companies like Walgreens. The city is already home to global business centres operated by firms such as Citi, Barclays, and American Express. Starbucks currently operates approximately 500 cafés across India through its joint venture with Tata Consumer Products, making the new facility a strategic addition to its corporate infrastructure. The news highlights continued interest in India for offshore operations despite ongoing economic challenges.
Tickers: $SBUX