Offshore Outsourcing India and how it became a Worldwide forceMonday, February 20, 2006
Offshore Outsourcing India and how it became a worldwide force has very interesting past. Country has gained lots of popularity in overseas dealings, and the fact is that this popularity of being a hotspot for overseas services hasn’t happened by chance. Big role is played behind this much success of the country by country’s professionals, venture capitalists and entrepreneurs. The all credits of the success of the country goes to all these who have helped to promote the country as an overseas destination globally. Though it is found that other low-cost places are now slowly catching up the speed with the country in overseas dealings and services, but still India will be able to retain its competitive edge over the others because of the growing influence, skilled and expertise of the country’s professionals in Offshore Development services. The main reason that favors India is the increase in organized networking and guiding that the members of the professional team community can provide to businesses engaged in overseas dealing.
Country is capable of providing not only cost effective services but quality of the product from the house of India is also up to the mark. By the 1990s, lots of local engineers, who were in US and in different countries either, became entrepreneurs, venture capitalists, senior executives, or gained top positions in big organizations. Many of these started their own business in India, while others persuaded their companies to hire talents from India. All these activities provided more visibility to the process of Offshore Development strengthening it.
Some venture capitalist in America, particularly the Indian one are funding companies as a part of Offshore Outsourcing India that have back-end process in the country with the intention to save on Research and Development (R&D) costs. Providing Research and Development is a main and key strategy for starting up because fewer funds are available to such companies now than before. And as we all know that India is very much famous for IT Outsourcing globally. So these factors are also adding credits in the success of the country.
Offshore Outsourcing India has enough strength
Offshore Outsourcing India has enough strength and country is mainly famous for its talented and skilled manpower. Whether the work is outsourced to any other country or to India, the critical factor that matters is from where the key employees are providing the services. And India has upper hands as far as the talents and professionals are concerned. The sudden demand for talented manpower fostered by both Y2K and Internet boom would have drawn country’s engineers and technicians into the global IT industry regardless of the diaspora’s role. This boom in IT mainly attracted companies to India.
Country has got the reputation as a location for low-rate and qualitative services with timely and dedicated efforts. This is also one of the reasons that help the country to maintain and retain its position on the top amongst the others for overseas dealings. At present the in the list of the overseas service providers top most position is occupied by Offshore Outsourcing India.