US pharmacy chain Walgreens plans tech centre in India's Chennai, expected to create 250 jobs

US-based pharmacy chain Walgreens plans to establish a new Global Capability Centre (GCC) in Chennai, the capital of the southern Indian state of Tamil Nadu.

• A pact with Walgreens India is expected to create more than 250 jobs in its first year, the statement said.
• The GCC will focus on technology and business services, with further expansion planned in subsequent years, it added.
• Global giants such as Citi, Barclays and American Express already operate tech centres in Chennai.
• GCCs have moved beyond low-cost back-office support, with companies using these centres to support headquarters through higher-value functions including finance, software development and R&D.