Economy, Banking and Finance · 24 September 2026

Starbucks Signs MoU with Tamil Nadu Government to Open First India Global Capability Centre in Chennai with 800 Jobs

Exam-focused facts from the 24 September 2026 current affairs briefing.

Key facts

  • Starbucks signed a memorandum of understanding with the Tamil Nadu government to establish its first India global capability centre (GCC) in Chennai.
  • The Starbucks GCC is expected to create 800 high-value jobs in its first phase.
  • Tamil Nadu Minister for Industries and Investment S. Keerthana led discussions with Starbucks' global team for the Chennai GCC.
  • The Tamil Nadu government announced three dedicated GCC corridors in Chennai with higher floor space index (FSI) for large-scale global capability operations.
  • Recent GCC-related investments and MoUs in Tamil Nadu include Nordex, Chubb, Walgreens, EY and Sigma Technology, alongside Starbucks.