CHENNAI, Aug 8 (Reuters) -

U.S. electronics chain Best Buy ( BBY ) plans to expand the

headcount at its Indian tech centre by over 40% in the next few

months, a senior executive told Reuters, as more global

corporations set up offices in the country to tap its growing

talent pool.

The company, which opened its first tech centre, or global

capability centre, in Bengaluru city last year, currently

employs around 350 people in functions including data and

artificial intelligence (AI) and is expected to grow to 500-550.

GCCs, once low-cost outsourcing hubs, have evolved in the

last few years and now support their parent organisations in

multiple functions such as daily operations, finance, and

research and development.

"We will be hiring across the functions ... We will be doing

a lot of digital and tech (hiring)," Nithya Subramanian, senior

director data & AI COE, said on the sidelines of an event in the

southern city of Chennai.

The firm, known for selling electronics such as laptops,

kitchen appliances and cameras, is hiring for roles including AI

engineer, software engineer and product manager in India,

according to its LinkedIn page.

"Even if you look at the global strength, I think we are

growing leaps and bounds in India," Subramanian said, noting

that the Bengaluru office is Best Buy's ( BBY ) largest tech hub and

bigger than its three in the United States.

Best Buy ( BBY ) operates more than 1,000 stores in the United

States and Canada, where it employs over 85,000 people. It does

not have retail operations in India.

The India expansion comes at a time when many global

corporations are ramping up their operations in India. Reuters

reported last month that Best Buy's ( BBY ) peer Costco Wholesale ( COST )

plans to open its first India GCC.

The domestic GCC market is likely to grow as much as $105

billion by 2030, up from $64.6 billion in fiscal 2024, an

industry report showed.