Chennai is home to several malls, due to its status as an IT hub.[354][355][356] Major ones include Express Avenue (EA), Citi Centre, Abirami mega mall, Spencer Plaza, Ampa Skywalk, Phoenix Market City and Forum Vijaya Mall.[357] Chennai is an important gold market in India contributing to 45 percent of the 800-tonne annual national gold uptake.[358] The city is also the base to the World Gold Council's India operations.