The US Retail Giant Costco to create Global Capacity Center in India, Etbrandequity

The American dealer Costco Wholesale Corp will open his first technological center in India in Hyderabad, two people who are familiar with the plans have told Reuters.The Global Capability Center, the management of technology and research operations and working alongside global teams, will initially employ 1,000 people and will reduce themselves, have said sources.

GCCs, which were once low -cost outsourcing hubs for global companies, have evolved in recent years and are now used to support their parents organizations in multiple functions, including daily operations, finance, research and development.

India is already home to some of the global brands, it has had their GCC operations in India. This includes companies such as JPMorgan Chase, Walmart and Target in Bengaluru, while Hyderabad also hosts companies such as McDonald’s, Heineken and Vanguard Group.

The size of the market of the global ability centers of India (GCCS) will probably increase to $ 99 billion- $ 105 billion by 2030 of $ 64.6 billion in the year 2024, according to a relationship of the body of the IT Nasscom sector and the Zinnov consultancy company published at the end of last year. Costco did not immediately respond to Reuters request for a comment.

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