Tamil Nadu engages real estate developers to speed up GCC corridors
The state government held a roundtable discussion to improve office space and infrastructure for the growing Global Capability Centre ecosystem.
The Tamil Nadu Department of Industries, Investment Promotion and Commerce held a roundtable discussion on Friday with real estate developers to advance the Tamil Nadu GCC Corridor and Development Programme, according to The Hindu.
Industries Minister S. Keerthana attended the meeting at Guidance Tamil Nadu to address the need for high-quality office space and infrastructure in identified corridors.
Tamil Nadu currently hosts more than 460 Global Capability Centres (GCCs), including over 405 in Chennai, with the sector expected to add more than 55,000 jobs in 2025.
The meeting focused on creating integrated destinations in Rajiv Gandhi Salai (OMR), Pallavaram–Thoraipakkam Radial Road (PTR), and Mount–Poonamallee High Road (MPR) by combining offices with housing, schools, healthcare, and retail.
Developers shared views on land availability, development costs, floor space index (FSI), and approval processes to ensure space is ready for global companies.
The participants also discussed improving public transport and last-mile connectivity, while exploring investment opportunities in locations such as Hosur.