Vote for “India – Still An Outsourcing King”?? YES / NO

friday 10 june,2011When anyone talks about outsourcing, India’s name comes up in mind as an undisputed King in Business Process outsourcing, Offshore Software Development and ITES. Due to new emerging countries in Outsourcing field now a question arises “Will India remain outsourcing King? “

In one of the best IT research magazine Gartner says, “In terms of offshore centers, India remains the undisputed leader, with China and Russia emerging as strong contenders” Gartner identifies the growth in offshore outsourcing to India and other developing countries as one of the most significant shifts in IT in the near term.

But competition in not over yet, another research magazine Forbes report says “similar low-cost technology centers in China, the Philippines, Malaysia, Russia and Pakistan are sprouting up and already competing for a share in outsourcing projects, making it increasingly unlikely that India can retain its “reign” as “the outsourcing king” for long.

The figure of $50 billion software exports by 2008 as predicted by Indian National Association of Software and Services Companies (NASSCOM) is too ambitious and may be difficult to realize. If India fails to meet this target, it may lose its competitive edge.

However, it is too early to speculate in those terms because under the given circumstances there is no threat to India’s status in the outsourcing world and for various reasons the West will always prefer India over its rivals. In fact, it can boast of adding more feathers to its crown. What do you think, Will India loose his place in Outsourcing and Offshore Software Development??

HCL Technologies Gets Outsourcing Order Worth $200 Million

HCL Technologies Ltd., one of India’s top five software exporters, said Monday it has received an outsourcing order worth $200 million from the UK’s Equitable Life Assurance Society for processing and support activities.The contract, which will start in March 2011, will be executed through HCL IBS, a UK-based life and pensions insurance administration business unit of HCL Technologies, the Indian company said in a statement.The outsourcing contract could help Equitable Life reduce its provision for future costs by more GBP100 million, the statement said

friday june 2011