New Moves in Indian Outsourcing Industry
HSBC, the international banking conglomerate is expanding its facility of outsourcing in India with an investment of $10.76 millions. The decision to open outsourcing facility center in Vishakapatnam, India was made to reallocate its back-office outsourcing operations to cost-effective Asian nation.
HSBC already has operations in Bangalore and Hyderabad and with the growing trend of outsourcing, the bank plans to recruits around 4,000 people by the middle of 2004. If countries like India save 70%-80% of the total cost in outsourcing and back-office operations, Multi National Companies are likely to pour more and more business opportunities, here.
India looks forward for about 70% growth within next one year in outsourcing industry according to the reports based on research and surveys. Enterprises worldwide are evaluating offshore outsourcing as a method of obtaining IT development resources and services. With cost–effective professionals easily available, outsourcing to India will be first thing in mind for entrepreneurs discussing offshore outsourcing strategies within their office room.
Monday, June 30, 2003
Saturday, June 28, 2003
Outsourcing: Advantage India
National Association for Software and Services Companies (NASSCOM) in its recent summit in Bangalore proclaimed that outsourcing in India is rapidly expanding its horizon. Outsourcing industry that accumulated to $712 billions in 2000 is heading to $1.2 trillion by 2006. And India as outsourcer is likely to gain the most out of it.
At the present, NASSCOM is making dire efforts to lure more outsourcing business in the Karnataka region that had been Indian hub for software production and exports. There is a huge input going to come while discussing outsourcing to India. In order to boost more outsourcing business towards India, the summit in Bangalore aimed to brought forth some of the peculiar issues. The major one was about "data protection and security" which in past had been the major setback for Indian economy.
Outsourcing in India though quite new, is getting to attract more and more outsourcers from the west and Europe. With the low-cost employment, availability of technical resources and good English speaking laypeople, outsourcing in India is the new rage amongst the job seekers here. While India is adopting preliminary measures to stronghold its outsourcing concept, its always "Advantage India".
National Association for Software and Services Companies (NASSCOM) in its recent summit in Bangalore proclaimed that outsourcing in India is rapidly expanding its horizon. Outsourcing industry that accumulated to $712 billions in 2000 is heading to $1.2 trillion by 2006. And India as outsourcer is likely to gain the most out of it.
At the present, NASSCOM is making dire efforts to lure more outsourcing business in the Karnataka region that had been Indian hub for software production and exports. There is a huge input going to come while discussing outsourcing to India. In order to boost more outsourcing business towards India, the summit in Bangalore aimed to brought forth some of the peculiar issues. The major one was about "data protection and security" which in past had been the major setback for Indian economy.
Outsourcing in India though quite new, is getting to attract more and more outsourcers from the west and Europe. With the low-cost employment, availability of technical resources and good English speaking laypeople, outsourcing in India is the new rage amongst the job seekers here. While India is adopting preliminary measures to stronghold its outsourcing concept, its always "Advantage India".
Friday, June 27, 2003
Variables In Outsourcing To India
Drawn by a multitude of programmers and a favorable business environment, companies are increasingly looking to out-source their software development to India. After examining various possible out-sourcing modes, various companies from the west and Europe are looking forward to start operations in India.
Though US is the largest player in the outsourcing today, even the local US firms finds it viable to outsource their business to India that enables them to cut massive operational cost. The rises in outsourcing worldwide is also due to the fact more and more companies either from Fortune-500 or outside are feeling need to outsource business. This decreases the pressure and helps in fostering the policies towards growth rather than busy completing daily office chores.
There is also a demand for aggregated HR outsourcing services, which is becoming more mainstream. The aggregation of multiple HR processes into one outsourcing contract for duties depicts to the areas such as payroll, benefits, and HR records management. Also, as outsourcing providers have expanded their offerings, the marketplace has become more competitive.
Drawn by a multitude of programmers and a favorable business environment, companies are increasingly looking to out-source their software development to India. After examining various possible out-sourcing modes, various companies from the west and Europe are looking forward to start operations in India.
Though US is the largest player in the outsourcing today, even the local US firms finds it viable to outsource their business to India that enables them to cut massive operational cost. The rises in outsourcing worldwide is also due to the fact more and more companies either from Fortune-500 or outside are feeling need to outsource business. This decreases the pressure and helps in fostering the policies towards growth rather than busy completing daily office chores.
There is also a demand for aggregated HR outsourcing services, which is becoming more mainstream. The aggregation of multiple HR processes into one outsourcing contract for duties depicts to the areas such as payroll, benefits, and HR records management. Also, as outsourcing providers have expanded their offerings, the marketplace has become more competitive.
Thursday, June 26, 2003
More Outsourcing to India!
Ford Motor Company is planning to twofold it’s outsourcing to India in few years time, according to the sources. Presently, Ford is outsourcing $40 million worth of components from India. AMD is US is pulling off from its outsourcing operations from Austin in Texas to relay them in India.
Moves from Ford and AMD are not surprising because this enables them to trim down costs. By offering Tax Incentives for foreign companies and encouraging outsourcing and related services, Government in India plans to become major outsourcing destination on the global map.
Outsourcing in India is providing effective business solution to the MNC. Indian outsourcing is one of the best ways for companies to cut application development and maintenance costs, deal effectively with the peaks and valleys of software demands, and focus on more strategic work. One-half to two-thirds of all Fortune 500 companies are already outsourcing to India, and, according to Forrester Research, the amount of work done there for U.S. companies is expected to more than double this year.
Ford Motor Company is planning to twofold it’s outsourcing to India in few years time, according to the sources. Presently, Ford is outsourcing $40 million worth of components from India. AMD is US is pulling off from its outsourcing operations from Austin in Texas to relay them in India.
Moves from Ford and AMD are not surprising because this enables them to trim down costs. By offering Tax Incentives for foreign companies and encouraging outsourcing and related services, Government in India plans to become major outsourcing destination on the global map.
Outsourcing in India is providing effective business solution to the MNC. Indian outsourcing is one of the best ways for companies to cut application development and maintenance costs, deal effectively with the peaks and valleys of software demands, and focus on more strategic work. One-half to two-thirds of all Fortune 500 companies are already outsourcing to India, and, according to Forrester Research, the amount of work done there for U.S. companies is expected to more than double this year.
Wednesday, June 25, 2003
Outsourcing: The new Indian Facet!
With two-third of Fortune-500 firms outsourcing to India, companies are finding a massive cut on application development and maintenance costs. This definitely gives boon to the companies favoring India for outsourcing. Reports by Forrester Research points out that amount of work and in research and logistics would double up in 2003.
Mentioned above are the concrete evidences that India is leading player for outsourcing business. Economic gurus are suggesting India to outsource ones business as the offshore option. Studies and analysis suggests that outsourcing business to India saves as much as 70%. No wonder why US corporate industry won’t settle for it.
Outsourcing to India, however was not quality-driven, always. There were major hiccups in the sustenance of outsourcing companies. Nevertheless, there are massive changes in last few years. Telecommunication has improved and the English speaking fluency has thrived. All of these factors compiled together reveal the new façade of the Indian Outsourcing Industry.
With two-third of Fortune-500 firms outsourcing to India, companies are finding a massive cut on application development and maintenance costs. This definitely gives boon to the companies favoring India for outsourcing. Reports by Forrester Research points out that amount of work and in research and logistics would double up in 2003.
Mentioned above are the concrete evidences that India is leading player for outsourcing business. Economic gurus are suggesting India to outsource ones business as the offshore option. Studies and analysis suggests that outsourcing business to India saves as much as 70%. No wonder why US corporate industry won’t settle for it.
Outsourcing to India, however was not quality-driven, always. There were major hiccups in the sustenance of outsourcing companies. Nevertheless, there are massive changes in last few years. Telecommunication has improved and the English speaking fluency has thrived. All of these factors compiled together reveal the new façade of the Indian Outsourcing Industry.
Tuesday, June 24, 2003
Outsourcing In India!
The emergence of true global economy widespread - if danger for some - is beneficial for many developing and under developed nations. Cost saving, productivity gains and quality are supreme for business firms. As such, outsourcing business (or part of operations) to India – which is emerging as the corporate powerhouse in the global business trend, is viewed as the right measure.
Though there are many criticizing voices in US over handing outsourcing business to India, recent surveys indicated that there are no real dangers of joblessness and its more a hype than reality. Outsourcing business to India in many ways is an example, how able workforce contributes to national integration as well global business enhancement.
Outsourcing business to India has some major advantages. Primarily it saves cost. Indian executives work for 5-10 times less than what normal American employee would demand. Technical skills of both would be more or less the same. Relative cost of operations in India is also very low as compared to US. Global interest of outsourcing in India is marked by the constant, unstoppable growth in India segment. NASSCOM has been engaging with legislators, US policy makers and customers to inform them about how India is contributing to their economy and helping them make their businesses more competitive.
The emergence of true global economy widespread - if danger for some - is beneficial for many developing and under developed nations. Cost saving, productivity gains and quality are supreme for business firms. As such, outsourcing business (or part of operations) to India – which is emerging as the corporate powerhouse in the global business trend, is viewed as the right measure.
Though there are many criticizing voices in US over handing outsourcing business to India, recent surveys indicated that there are no real dangers of joblessness and its more a hype than reality. Outsourcing business to India in many ways is an example, how able workforce contributes to national integration as well global business enhancement.
Outsourcing business to India has some major advantages. Primarily it saves cost. Indian executives work for 5-10 times less than what normal American employee would demand. Technical skills of both would be more or less the same. Relative cost of operations in India is also very low as compared to US. Global interest of outsourcing in India is marked by the constant, unstoppable growth in India segment. NASSCOM has been engaging with legislators, US policy makers and customers to inform them about how India is contributing to their economy and helping them make their businesses more competitive.
Monday, June 23, 2003
Outsourcing To India!! Now small player can actually play.
Business Principles demand that profit made logically and transparently is paramount. For sure, there are reasons strong enough as to why not outsource ones business to India. Earlier, it were top Fortune-500 firms that constitutes to be the prime users of outsourcing business to other agencies. Stats are changing fast. Now smaller firms are also becoming an integral part of the multi-million dollar Business Outsourcing Industry. And India is their prime destination.
Research firm Gartner in its annual survey found that 36% of the outsourcing business in 2002 came from smaller firms (with revenues less than $500 m) as compared to only 25% in 2001. This revealed the part comparatively smaller corporate houses are beginning to play a prominent part in outsourcing business industry.
India which engulfs 70% of US Outsourcing business, have pragmatically developed enabled work-force, state-of-art infrastructure and vibrant technologies to sustain market for Outsourcing in India. With 50% projects for outsourcing likely to fail in 2003 (according to Gartner survey), India is establishing itself head-high by availing quality, quantity at nominal charges. Guaranteeing success is never possible, but there is a sound possibility – looking at the present Indian Outsourcing infrastructure - that outsourcing business to India would be the most viable option in front of the corporate.
Demand for aggregated HR outsourcing services is becoming more mainstream - the aggregation of multiple HR processes into one outsourcing contract for duties such as payroll, benefits, and HR records management. Firms - large or small – require optimized outsourcing avenues for smoother operations. Outsourcing to India has brought smile to many companies, who can now reduce the cost of outsourcing by 1/3 or more.
Business Principles demand that profit made logically and transparently is paramount. For sure, there are reasons strong enough as to why not outsource ones business to India. Earlier, it were top Fortune-500 firms that constitutes to be the prime users of outsourcing business to other agencies. Stats are changing fast. Now smaller firms are also becoming an integral part of the multi-million dollar Business Outsourcing Industry. And India is their prime destination.
Research firm Gartner in its annual survey found that 36% of the outsourcing business in 2002 came from smaller firms (with revenues less than $500 m) as compared to only 25% in 2001. This revealed the part comparatively smaller corporate houses are beginning to play a prominent part in outsourcing business industry.
India which engulfs 70% of US Outsourcing business, have pragmatically developed enabled work-force, state-of-art infrastructure and vibrant technologies to sustain market for Outsourcing in India. With 50% projects for outsourcing likely to fail in 2003 (according to Gartner survey), India is establishing itself head-high by availing quality, quantity at nominal charges. Guaranteeing success is never possible, but there is a sound possibility – looking at the present Indian Outsourcing infrastructure - that outsourcing business to India would be the most viable option in front of the corporate.
Demand for aggregated HR outsourcing services is becoming more mainstream - the aggregation of multiple HR processes into one outsourcing contract for duties such as payroll, benefits, and HR records management. Firms - large or small – require optimized outsourcing avenues for smoother operations. Outsourcing to India has brought smile to many companies, who can now reduce the cost of outsourcing by 1/3 or more.
Sunday, June 22, 2003
Outsourcing today is not just a cheap option for organizations but an inseparable part for the smooth functioning of their operations. The non-core activities build tremendous pressure on the employees as well as the management. As such outsourcing becomes of extreme importance.
Not to mention again, Indian work force, which is hard working and technically sound provides an optimum option for such feeds. Outsourcing agencies not just focus on maintaining the process but looks for further development. This invariably is bonus for the companies looking to offshore their process. Idea to outsource business in India is supported by the $billion growth that India has experienced in last few years.
Anybody from Small Office Home Office (SOHO) to medium class entrepreneurs looks forward for procedural set up for their proceedings. India has creatively developed itself in certain areas web solutions and inventories. Noted areas in this can be underlined as:
· Web design
· Web solutions
· Web development
· Website security
· Website maintenance
· Web hosting-commerce: B2B, B2C and C2B
· Transaction management
Outsourcing business in India is convenient along with cost-effective. Outsourcing is essential for companies to prosper throughout the '90s and into the 21st century - as experts believe . And India is happening in this context.
Not to mention again, Indian work force, which is hard working and technically sound provides an optimum option for such feeds. Outsourcing agencies not just focus on maintaining the process but looks for further development. This invariably is bonus for the companies looking to offshore their process. Idea to outsource business in India is supported by the $billion growth that India has experienced in last few years.
Anybody from Small Office Home Office (SOHO) to medium class entrepreneurs looks forward for procedural set up for their proceedings. India has creatively developed itself in certain areas web solutions and inventories. Noted areas in this can be underlined as:
· Web design
· Web solutions
· Web development
· Website security
· Website maintenance
· Web hosting-commerce: B2B, B2C and C2B
· Transaction management
Outsourcing business in India is convenient along with cost-effective. Outsourcing is essential for companies to prosper throughout the '90s and into the 21st century - as experts believe . And India is happening in this context.
Saturday, June 21, 2003
Call Center India Outsourcing!
India is emerging as the favorite place for the outsourcing business for MNC plying their trade globally. Call Center’s in India are successfully meeting the roaring demands of meeting the challenges, companies face in handling queries and problems from the customers.
Call Center’s in India providing Business Process Outsourcing (BPO) services have not only reduced the cost of such operations – while plying trade from Indian Terrain – but has also delivered quality to meet the upscale Industrial requirements. The quality of English of international standards along with technical assurance makes India as the desirable destination for outsourcing business to the cost-effective countries.
Here are some of the major outlining factors that set India apart from other nations: -
* The largest English-speaking population after the USA
* Cost-effective manpower: In a call center operation, manpower typically accounts for 55 to 60 percent of the total cost. In India, the manpower cost is approximately one-tenth of what it is overseas. Per agent cost in USA is approximately $40,000 while in India it is only $5,000.
* A booming IT industry, with IT strengths recognized all over the world
* A vast workforce of educated, English speaking, tech-savvy personnel: A boon in a high-growth industry faced with a shortage of skilled workers
India is emerging as the favorite place for the outsourcing business for MNC plying their trade globally. Call Center’s in India are successfully meeting the roaring demands of meeting the challenges, companies face in handling queries and problems from the customers.
Call Center’s in India providing Business Process Outsourcing (BPO) services have not only reduced the cost of such operations – while plying trade from Indian Terrain – but has also delivered quality to meet the upscale Industrial requirements. The quality of English of international standards along with technical assurance makes India as the desirable destination for outsourcing business to the cost-effective countries.
Here are some of the major outlining factors that set India apart from other nations: -
* The largest English-speaking population after the USA
* Cost-effective manpower: In a call center operation, manpower typically accounts for 55 to 60 percent of the total cost. In India, the manpower cost is approximately one-tenth of what it is overseas. Per agent cost in USA is approximately $40,000 while in India it is only $5,000.
* A booming IT industry, with IT strengths recognized all over the world
* A vast workforce of educated, English speaking, tech-savvy personnel: A boon in a high-growth industry faced with a shortage of skilled workers
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