Costco, the renowned retail powerhouse headquartered in the USA, has officially made its entry into Hyderabad’s burgeoning Global Capability Center (GCC) ecosystem. This significant development was highlighted in ANSR’s recent Fortune 500 GCC Report, underscoring Hyderabad’s growing appeal as a hub for global enterprises.
Industry experts believe that Costco’s strategic move into Hyderabad could trigger a new wave of retail-focused GCCs choosing the city for their operations. This trend is expected to further solidify Hyderabad’s position as a leading destination for global businesses seeking to establish their capability centers.
While an official announcement from Costco regarding the exact location is pending, the new GCC is most likely to be situated in the RMZ Spire T110 building within HITEC City, a prominent IT and business district in Hyderabad.
The establishment of Costco’s GCC in Hyderabad signifies the city’s robust infrastructure, skilled talent pool, and supportive business environment, which continue to attract major international companies. This move is anticipated to create new employment opportunities and contribute to the region’s economic growth.
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