Costco Establishes Global Capability Center in Hyderabad, Creating 1000 Jobs

• Costco Wholesale, a global American wholesale retailer, is entering the Indian market by establishing a Global Capability Center (GCC) in Hyderabad.
• The Hyderabad center will be an advanced technology-driven research hub, supporting Costco's global operations in technology development, data analysis, finance, digital systems, and back-end operations.
• This GCC is expected to create approximately 1,000 direct employment opportunities initially, with potential for further expansion, especially in high-skill areas like software engineering and data science.
• Hyderabad's skilled workforce, technological expertise, and modern infrastructure, along with its status as a global tech hub for companies like Google and Microsoft, influenced Costco's decision.
• Costco's investment is seen as a strategic first step in India, potentially paving the way for future retail expansion, and further solidifying Hyderabad's appeal to multinational corporations.