US retail giant Costco to set up global capability centre in India, to employ 1000 people, sources say

HYDERABAD/BENGALURU (Reuters) -U.S. retailer Costco Wholesale Corp will open its first technology centre 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. India is already home to some of the global marquee brands--having their GCC operations in India.