Multilateral lender World Bank is expanding its footprint in Chennai and has signed up for additional space of nearly 70,000 sqft. World Bank set up its back office operations in Chennai in 2001 in a small space in Raheja Towers on Anna Salai. It was soon allocated land in Taramani in 2002 and set up a nearly 1.5 lakh sqft centre. Last year, the bank expanded its operations further in SP Infocity . With this deal for additional space, it will have nearly 2.7 lakh sqft of space in Chennai. The lender has only one operation outside of Washington, which is in Chennai.
All international back office operations of the World Bank is centralized and performed in Chennai. The Chennai office undertakes accounting and related functions for the bank’s nearly 150 offices.
Read more: Economic Times
