Costco’s India entry to spur jobs, fuel growth in tech sector

CHENNAI: The US retailer giant Costco Wholesale Corporation’s plan to set up a global capability centre (GCC) in India, as reported by Reuters on Tuesday, marks its formal entry into the country’s business landscape. The centre will focus on technology and research operations, working in close collaboration with the retailer’s global teams.

According to reports, the GCC will initially employ 1,000 professionals, with plans to scale significantly in the coming years. This move is expected to generate a meaningful impact on India’s job market, particularly in the technology and services sectors, say analysts.