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US Coffee giant Starbucks inks MoU with TN govt in Vijay's presence, to set up GCCs in Chennai

Chennai, Sep 21 (UNI) The US-based coffee giant Starbucks today signed a MoU with the Tamil Nadu government for setting up its
first Global Capability Centre (GCC) in Chennai, creating high-paying employment opportunities for around 800 technology professionals.
The company signed the MoU was signed with Guidance Tamil Nadu in the presence of Chief Minister Vijay at an event organised by
the Industries, Investment Promotion and Commerce Department at the State Secretariat, an official release said.
This will be Starbucks’ first global capability centre in India. The centre will operate independently of Tata Consumer Products, the company’s retail business partner in India.
Starbucks Chief Technology Officer Anand Varadarajan said India was considered a very important market for the company. He highlighted the availability of skilled technology professionals in Chennai, their long-term association with employers, the state’s infrastructure and the incentives offered by the Tamil Nadu government as factors that would help the company develop new solutions and expand its business.
The agreement is expected to further strengthen Tamil Nadu’s efforts to attract global capability centres and create high-paying jobs.
The entry of Starbucks into the GCC sector also reflects Chennai’s growing role as a technology and business services hub.
The Chief Minister said it was a matter of great happiness that Starbucks had chosen Chennai for setting up its first GCC in India.
The confidence placed by a globally recognised firm in Tamil Nadu was a testament to the skills of the state’s youth.
He said the investment would create new employment opportunities for talented youngsters and demonstrate that Tamil Nadu was a preferred destination for high-end companies. He also conveyed the state government’s wishes for a long and successful association
with Starbucks.
UNI GV 1345
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