US Retail Giant Costco to Set Up Global Capability Center in India, to Employ 1000 People

US retailer Costco Wholesale Corp will open its first technology center in India in Hyderabad, two people familiar with the plans told Reuters.

The Global Capability Centre, handling technology and research operations and working alongside global teams, will initially employ 1,000 people and scale up, sources said.

GCCs, which were once low-cost outsourcing hubs for global firms, have evolved over the last few years and are now used to support their parent organizations in multiple functions, including daily operations, finance, and research...

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