U.S. retail giant Costco to set up global capability centre in India's Hyderabad, to employ 1,000 people - sources familiar with plans

U.S. retail giant Costco to set up global capability centre in India's Hyderabad, to employ 1,000 people - sources familiar with plans

U.S. retail giant Costco is set to establish a Global Capability Centre (GCC) in Hyderabad, India, according to sources familiar with the plans. The move marks a significant milestone for the company, which is poised to employ approximately 1,000 people [1].

Costco's entry into the Indian retail market is expected to be a game-changer. Hyderabad, already a leading GCC hub in India, will further benefit from the company's presence. The city has attracted several Fortune 500 companies and is known for its robust infrastructure and skilled workforce [2].

The decision to establish a GCC in Hyderabad is a strategic move for Costco, which enjoys immense popularity among both Americans and the Indian community in the U.S. Costco's membership is often considered a part of the lifestyle for many Indian families living in the U.S. [1].

Founded in 1983, Costco has built a reputation for delivering high-quality products, exceptional customer service, and an unmatched return policy. The company's trust factor is immense, making it one of the most loved wholesale retail chains globally [1].

DAZN, the world's leading sports streaming platform, has already set up India's first sports technology GCC in Hyderabad, with plans to employ 3,000 professionals by 2026. DAZN's investment of ₹500 crores over the next three years underscores the potential of Hyderabad as a GCC hub [2].

The establishment of Costco's GCC in Hyderabad is expected to strengthen the city's position as a premier GCC hub, particularly in high-tech and media industries. The move also signals a shift in how global companies view India, not just as a consumer market but as a global innovation and technology engine [2].

References:
[1] https://www.m9.news/politics/costco-set-to-enter-hyderabad-a-game-changer-for-retail-gccs-in-india/
[2] https://gccrise.com/dazn-launches-indias-first-sports-tech-gcc-in-hyderabad-plans-to-create-3000-jobs-by-2026/