The Global Capability Center, Handling Technology and Research Operations and Working AlongSide Global Teams, will initially employed 1,000 people and scale up, Sources said.
GCCS, which was Once low-cost outsourcing hubs for global firms, have evolved over the last few years and are now used to support their parent organisations in multiple functions, incarnation Operations, Finance, and Research and Development.
India is already home to some of the global marquee brands -having their gcc operations in India. This includes companies such as jpmorgan chase, walmartand target in Bengaluru while hyderabad also hosts companes
The market size of India’s Global Capability Center (GCCs) is likely to grow to $ 99 billion- $ 105 billion by 2030 from $ 64.6 billion in Fiscal 2024, According to A report by it Industry Body Nasscom and consulting firm zinnov released lat last year.
CostCo did not immomediatly respond to reuters request for a comment.
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