Hyderabad, July 23 -- Worldwide retail powerhouse Costco has strategically entered the Indian GCC ecosystem, cementing Hyderabad's status as India's fastest-growing Global Capability Centre (GCC) hub.

With its first technology centre in India, it is consequently planning to hire 1000 employees right off the bat, not only increasing job opportunities but also making Hyderabad more of a nerve centre for individuals looking to settle in the metro city, reported Reuters.

GCC's in India

In recent times, GCCs have come as an asset which empowers businesses to foster innovation, improve operational effectiveness, and keep a competitive edge. They are crucial in making sure parent companies are able to function and help businesses quickly adju...