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U.S. retailer Costco Wholesale Corp is set to open its first technology centre in Hyderabad.
Costco Wholesale is a membership-based retailer known for offering bulk products at low prices, with a strong focus on groceries, electronics, household goods, and services such as pharmacy and travel.
What’s cooking: Costco’s new Global Capability Centre - GCC in Hyderabad will handle technology and research operations. Working alongside global teams, the centre will initially employ 1,000 people, with plans to scale up. This move is poised to make a meaningful impact on India’s job market, particularly in the tech and services sectors.
Will see direct hiring in high-demand areas like software engineering, data analytics, cybersecurity, and R&D. This won’t just boost employment, it could set new industry benchmarks for compensation and career growth.
Why it matters: India has firmly positioned itself as a global hub for GCCs, with over 1,600 centres currently operating across major cities. The sector added more than 600,000 jobs between 2019 and 2024, and total GCC employment is projected to reach between 2.8 and 4 million by 2030.
The big picture: Costco’s move reflects a growing trend among global retailers and consumer-facing companies tapping into India’s skilled talent pool, cost efficiency, and innovation capacity.
Zoom out: India already hosts major GCCs for global brands like JPMorgan Chase and Walmart. The market size of India’s GCC sector is expected to grow from $64.6 billion in FY24 to between $99 billion and $105 billion by 2030.
