The Telangana government on Thursday announced global majors, including Costco and Stolt-Nielsen, are reportedly establishing their global capability centres (GCCs) in Hyderabad, further strengthening the city’s position as a premier technology hub. The announcement comes soon after the Telangana Rising Global Summit at Bharat Future City.
American retail giant Costco, with annual revenues of $270 billion, will set up a GCC that is expected to scale to over 500 employees. The Hyderabad centre will act as the company’s global technology backbone, supporting digital platforms, data and AI initiatives, supply chain systems and enterprise operations.
UK-based bulk logistics leader Stolt-Nielsen will launch a digital innovation centre in the city. The facility will become its global hub for product development, DevOps and next-generation digital capabilities spanning software engineering, data and analytics, automation, and operational systems.
Meanwhile, US financial services multinational Western Union confirmed the establishment of its second India GCC in Hyderabad, focused on platform engineering, advanced digital transformation and strategic technology initiatives.
The centre, developed in partnership with HCLTech under a Build-Operate-Transfer (BOT) model, is expected to employ over 400 professionals.
Rajeev Mago, head of India technology centres at Western Union, said the upcoming facility will play a key role in accelerating the company’s long-term digital expansion.
Senior leaders from all three companies cited Hyderabad’s world-class infrastructure and deep talent pool as significant factors influencing their decision to invest in the city.
Meanwhile, Google and the Telangana government have launched the Google for Startups Hub at T-Hub in Hyderabad, which includes a dedicated space to support the growing startup ecosystem.
Google will engage with regional startups from Telangana through a dedicated Hub, providing free year-long coworking spaces for selected AI-focused startups and access to curated venture investors.
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