HYDERABAD/BENGALURU – U.S. retail giant Costco Wholesale Corp is set to open its first technology centre in India, with plans to base the Global Capability Centre (GCC) in Hyderabad, according to two sources familiar with the development.
The centre will focus on technology and research, working in tandem with Costco’s global teams. It will initially hire 1,000 employees, with plans to expand further, the sources said.
Once seen as low-cost outsourcing units, GCCs have evolved into key hubs supporting global companies across various functions, including daily operations, finance, and R&D.
India already hosts GCCs for major global brands such as JPMorgan Chase, Walmart, and Target in Bengaluru, and McDonald’s, Heineken, and Vanguard in Hyderabad.
According to a report by Nasscom and consulting firm Zinnov, the market value of India’s GCC sector is projected to grow from $64.6 billion in fiscal 2024 to between $99 billion and $105 billion by 2030.
