Costco To Open Tech Center In Hyderabad, Creating 1,000 Jobs

India-West News Desk

ISSAQUAH, WA – Reetail giant Costco Wholesale Corp is setting up its first technology center in India, to be located in Hyderabad, according to sources familiar with the plans who spoke to Reuters. This Global Capability Centerwill focus on technology and research operations, collaborating with Costco’s global teams.

The new center is expected to initially employ 1,000 people, with plans for further expansion, Reuters sources indicated.

India has become a significant hub for GCCs, attracting numerous global corporations. Companies like JPMorgan Chase, Walmart, and Target operate their GCCs in Bengaluru, while Hyderabad hosts centers for McDonald’s, Heineken, and Vanguard Group.

These centers, which have evolved beyond their original role as low-cost outsourcing hubs, now provide diverse support functions including daily operations, finance, and research and development for their parent organizations.