₹900 Crore Investment Boost for Maharashtra: Global Ice Cream Giant to Set Up Pune GCC and Mumbai Regional Headquarters
Major investment expected to create hundreds of jobs and strengthen Maharashtra's position as India's leading business and technology hub.
Mumbai, May 29, 2026 : Maharashtra has received a significant investment boost as The Magnum Ice Cream Company announced plans to invest ₹900 crore in the state. The investment will be used to establish a Global Capability Centre (GCC) in Pune and a regional headquarters in Mumbai, reinforcing Maharashtra’s growing reputation as a preferred destination for global businesses.
The announcement follows discussions between Maharashtra Chief Minister Devendra Fadnavis and Magnum CEO Peter ter Kulve. The project is part of a Memorandum of Understanding (MoU) signed between the company and the Maharashtra Government during the India Global Forum NXT25 Summit.
Under the agreement, Mumbai will serve as the company’s regional headquarters for the Middle East, Turkey, and South Asia markets. Meanwhile, Pune will host Magnum’s first Global Capability Centre in India. The facility will support critical global operations, including information technology, supply chain management, finance, human resources, data analytics, and AI-driven logistics.
The project is expected to generate more than 500 direct high-value employment opportunities by 2029, with some reports indicating the potential for even higher job creation as operations expand. The investment highlights Maharashtra’s growing role as a hub for multinational corporations looking to establish technology, analytics, and strategic business centers in India.
Industry experts believe that the new GCC will attract skilled professionals in technology, finance, artificial intelligence, cybersecurity, business analytics, and digital transformation. This could create significant opportunities for graduates and working professionals across Maharashtra, particularly in Pune and Mumbai.
The Magnum Ice Cream Company, which operates globally recognized brands including Magnum, Wall’s, and Ben & Jerry’s, is positioning India as a strategic center for its future global operations. The investment also reflects growing international confidence in Maharashtra’s infrastructure, talent pool, and business-friendly environment.
As Maharashtra continues to attract large-scale domestic and international investments, this ₹900 crore project is expected to contribute to economic growth, employment generation, and the state’s ambition to become one of Asia’s leading business and innovation hubs.
