 "AstraZeneca to invest Rs 250 crore in expanding its GITC in Chennai")
AstraZeneca India (AZIPL), the global capability centre (GCC) of the pharma major AstraZeneca, said on Thursday that the company will invest Rs 250 crore in expanding its Global Innovation and Technology Centre (GITC) in Chennai.
This will be the company's largest GCC in the world. This is a monumental addition by the company, joining other global giants like Hitachi Energy in establishing their biggest GCCs in Chennai.
"This new campus will be home to 4,000 high-quality jobs in Chennai, and we are thrilled to see AstraZeneca expanding their existing capacity with talent sourced from the huge talent pool available in Tamil Nadu! Their decision to reinvest and grow in Tamil Nadu is a powerful endorsement of our state—our people, our talent, and our policies," said TRB Rajaa, state industries minister.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%