Walgreens Sets Sights on Chennai with New Tech Hub

US pharmacy chain Walgreens is set to establish a new Global Capability Centre (GCC) in Chennai, India. The move is expected to create over 250 jobs in its first year, according to a statement from the company.

The GCC will focus on technology and business services, with plans for further expansion in subsequent years. This news marks another significant development in Chennai's tech sector, which has already attracted major companies such as Citi, Barclays, and American Express.

Global Capability Centres have evolved beyond their traditional role of providing low-cost back-office support, with many now offering higher-value functions like finance, software development, and research and development (R&D).