Business
Costco to set up global capability centre in India, to hire 1,000 professionals
US retail giant Costco Wholesale is making its India debut on the technology front, with plans to set up a Global Capability Centre (GCC) in Hyderabad.
US retail giant Costco Wholesale Corp is planning to establish its first technology centre in India, according to a Reuters report citing sources familiar with the matter. The proposed Global Capability Centre (GCC) will be located in Hyderabad, with an initial headcount of around 1,000 professionals, and is expected to scale further. While an official announcement is awaited, the centre is likely to focus on technology and research operations, collaborating closely with global teams.
India: A Growing Hub for GCCs
India continues to emerge as a preferred destination for Global Capability Centres, offering high-value, technology-driven solutions. According to the Press Information Bureau (PIB), there is a noticeable rise in GCCs being established by companies from Germany, the UK, Japan, and Nordic countries.
Over the years, GCCs in India have evolved from performing data processing tasks to knowledge processing and innovation-focused functions. The country’s abundant pool of young, skilled professionals, coupled with a growing emphasis on hybrid work models, diversity, and upskilling in AI, cybersecurity, and blockchain, makes it an attractive destination for global enterprises.
Moreover, strong industry-academia partnerships are equipping talent with future-ready skills.
The growth of GCCs has significantly contributed to economic development, job creation, technology transfer, and skill enhancement, creating a win-win for both businesses and the local economy.
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