Walmart's Indian technology arm has leased a significant amount of office space in Chennai to establish its second Global Capability Centre (GCC). This follows the opening of its first GCC in Bengaluru. The Chennai center, located in the International Tech Park Chennai (ITPC), will span five floors and house approximately 4,500 employees.
The choice of Chennai highlights the city's growing prominence as a hub for GCCs due to its skilled workforce, infrastructure, and cost advantages. The new center will focus on critical technology functions, including data engineering, AI, cloud computing, and cybersecurity, contributing significantly to Walmart's global innovation strategy.
Walmart's investment underscores the increasing importance of India in global retail-tech strategies. The company aims to leverage India not just as a back-office location but as a full-fledged innovation hub. This dual-city presence in Bengaluru and Chennai enhances agility, talent access, and operational resilience.
The expansion exemplifies the trend of multinationals integrating Indian talent into their core operations and innovation. Experts project that GCCs will account for a substantial portion of office space absorption in major Indian cities in 2025.