Walgreens Expands Global Reach with New Chennai Tech Centre

US-based pharmacy chain Walgreens is expanding its global operations by establishing a new Global Capability Centre (GCC) in Chennai, India. This move is expected to create over 250 jobs in the first year, marking a significant investment in the region.

The GCC will focus on technology and business services, with plans for further expansion in subsequent years. Walgreens joins other global giants such as Citi, Barclays, and American Express in operating tech centres in Chennai, which have evolved beyond providing low-cost back-office support to higher-value functions like finance, software development, and R&D.

This development underscores the growing importance of GCCs (Global Capability Centres) in supporting headquarters through various functions. As reported by Reuters, Walgreens India has signed an agreement for this new centre, which will have a substantial impact on the local job market.