| India is fast emerging as a hub for outsourcing. | | | | Whirlpool, GE, LG, Philips and Bosch are setting up |
| Outsourcing simply means that some tasks that the | | | | research and design centers in India. With the advent |
| company needs to do, instead of doing it within its own | | | | of globalization, more and more jobs are being |
| organization one “outsource” it to some other | | | | outsourced to India. The outsourcing trend has brought |
| firm. "Outsourcing jobs in India started in a small way, | | | | with it a vast number of opportunities to India. Following |
| but are going to be big”. This is the latest trend in | | | | are the reasons why India is fast emerging as a hub in |
| the today’s world. A product is today conceived in | | | | outsourcing: |
| one country, designed in other, manufactured in some | | | | First of all India Offers High-Quality Services rather |
| other Country and sold in markets across the globe. | | | | than cost. Indian companies are fast scaling up to |
| India is ready to emerge as a global outsourcing hub | | | | match or surpass international quality standards and |
| for commodity financial services. For instance a | | | | are ensuring that they stay ahead through stable |
| financial firm needs to do payroll accounting. Instead of | | | | quality systems and continuous quality improvement. |
| doing it themselves they outsource it do an accounting | | | | Next is the Investment Hub of India. City like Bangalore |
| firm. The idea behind it is the work will be done cheaply | | | | possesses much of the attraction of other cities in |
| and the company can focus on its own specialty. It | | | | India for the BPO sector; talented resources, good |
| also effects a lot on Indian economy by this process | | | | educational institutions, a large English speaking |
| thousands of jobs are being created and much of | | | | population, and technological prowess. However, it is a |
| these services are export oriented job growth | | | | proactive state government that makes constant |
| intensive. India is now flooded with calls to manage | | | | efforts to facilitate new investments, which gives |
| foreign demat commodity accounts and warehouse | | | | Bangalore an edge over other Indian cities. Business |
| receipts sitting right here. What make this business | | | | process outsourcing or BPO in India has evolved from |
| bigger and better than ordinary call centers are not just | | | | its early ‘sweat-shop’ image to the status of a |
| the sheer volumes in commodity trading. Indian | | | | strategic differentiator in the global marketplace. BPO |
| commodity BPOs will be offering high-value, complex | | | | is the contracting of a business task to a third party |
| back-office processes to foreign banks. That puts | | | | service provider. Factors responsible for outsourcing |
| them higher up the value chain than the classic | | | | success are: quality processes, scalability, and |
| low-cost, low-end transactional services offered by | | | | integration of global markets and seamless global |
| the typical neighborhood BPO... There were over 400 | | | | delivery of work across borders through the internet. |
| companies operating within the Indian BPO space, | | | | Other is Intellectual Property Outsourcing. Intellectual |
| including captive units (of both MNCs and Indian | | | | property (IP) refers to creations of the mind: inventions, |
| companies) and third-party services providers. The key | | | | literary and artistic works, symbols, names, images and |
| enabler for this has been cheaper bandwidth leading to | | | | designs used in commerce. IP plays an important role in |
| low telecom costs for leased lines and availability of | | | | India an increasingly broad range of areas, ranging |
| educated English speaking workforce in India. The high | | | | from the internet to healthcare to nearly all aspects of |
| level of engineering skills in India also helps companies | | | | science and technology, law, literature and the arts. |
| face the growing competitive pressure to create new | | | | Business Opportunities in India are much. If you are |
| products and bring them to market faster, or add new | | | | looking at reducing your software development costs? |
| features and functionality to existing ones. Even the | | | | One attractive way would be to relocate some of the |
| cost benefits are enormous, for example as designers | | | | development work to countries like India. While there |
| in India don't charge by the time as opposed to the | | | | are tremendous opportunities in these countries, a |
| charge-by the-hour system in the developed world. | | | | clearer understanding of the tax and legal formalities |
| Off shoring of jobs to India which started off with | | | | could mean the difference between smooth |
| call-centers and back-office jobs like accounting has | | | | outsourcing of work and a confusing tangle of delays |
| today spread to include high-end product design work | | | | and cost overruns. |
| and even packaging and graphic designs. As | | | | Soft Solutions, a India based SEO company provides |
| manufacturers look at reducing costs and product | | | | IT outsourcing services, search engine optimization india |
| development cycles, India is fast emerging as the | | | | and directory submission services. |
| new-age design board for MNCs. The result: MNCs like | | | | |