Search
      Channels
  News
  Home Loans
  Commercial Loans
  Insurance
  Credit Cards
  Calculators
  NRI Center
     Investment
  Mutual Funds
  Stock Research
  Market Tools
  Special Reports
  Fund Focus
  Company Focus
  Sector Focus
  Interviews
     Services
  Greetings
  Message Board
Partners
Home -> Finance -> Full Story

Outsourcing controversy brings more work to India
Tuesday, June 29 2004 08:54 Hrs (IST)

Washington: The controversy in the United States over outsourcing work in India has led to more business for the country from America and elsewhere as it has highlighted it's low cost and expertise, media reports said.

In the high-technology hub of Bangalore two to three Western companies are opening operations in every week. More companies are turning to India to do everything from software development to back office work, The Wall Street Journal reports quoting officials at Software Technology Parks of India.

Revenues for call-centre businesses grew by 46 per cent to nearly $ 4 billion during the year ended March 31. And the number of workers in India's technology sector is projected to have jumped by 23 per cent to more than 8,00,000 in the period, according to the National Association of Software and Service Companies (Nasscom). Nasscom expects India's exports of software and services to jump more than 30 per cent to $ 16 billion in the current year ending next March, about the same growth rate as last year.

About the controversy in the US, Vikram Talwar, chief executive officer of Exiservice Inc., a New York company that processes financial claims for US banks and insurance companies in India, said, "During the last six to nine months, we have received millions of Dollars of free advertising."

Companies like Accenture Ltd., Unisys Corp., Triology Inc. and Google Ltd are significantly expanding back office, call centre and research and development operations in India.

PTI



Related Stories
BPOindia.org