India, Dec. 13 -- Brookfield Corporation, a global alternative asset management and investment firm, will soon be setting up Asia's largest global capability centre (GCC) in Mumbai. GCCs are offshore units that support a company's global operations by handling functions such as IT, finance, or R&D, thus leveraging global talent and cutting costs.

The announcement was made by chief minister Devendra Fadnavis on Friday. Brookfield also confirmed that they have finalised a six-acre plot in Powai for the project.

"Brookfield GCC will create a total 45,000 job opportunities, including 15,000 direct and 30,000 indirect employment opportunities. It will be more than a billion-dollar investment. Our attempt is to make Maharashtra the GCC capita...