| India: No. 1 Outsourcing Destination | | | | is a dearth of employment opportunities, and people |
| Outsourcing is an age-old concept. However, | | | | are willing to work at competitive job rates. Moreover, |
| companies and working professionals alike have just | | | | the cost of living is not as high as the developed |
| started recognizing the enormous possibilities that have | | | | countries and hence the wages asked for are less |
| opened up as a result of outsourcing. Outsourcing | | | | than those in such countries. |
| essentially means the allotment of various in-house | | | | Ø The Benefit of Intellectual Brilliance |
| operations of a large firm, company or organization to | | | | India might offer cheap labor, but the working |
| other companies situated in different parts of the | | | | professionals here are by no means inferior to those in |
| world. | | | | developed countries. If at all, they are much more |
| In simple terms, it means the transfer or sharing of | | | | accomplished intellectually, than their counterparts in |
| work related responsibility. To outsource means to hire | | | | countries like America, UK etc. Offshore outsourcing |
| somebody else to do your work or to acquire the | | | | software development has primarily an India focus, as |
| services of another company, organization, or individual | | | | the people here have the knowledge and the skill sets |
| to do your work for you. The word outsourcing, today, | | | | required to come up with state-of-the-art products. |
| is closely associated offshore IT outsourcing. Major | | | | The Indian education system produces individuals with |
| players in the IT field like Microsoft, Intel etc are | | | | all round talent. They not only have a firm grip over |
| outsourcing a part of their business processes to | | | | various integral concepts but also have commendable |
| offshore partners situated in countries like India, China | | | | communication skills in the English language. They are |
| etc. | | | | the best equipped to handle all kinds of outsourcing |
| Outsourcing is not limited to IT only but encompasses | | | | needs. |
| absolutely anything and everything to do with | | | | Ø The Benefit of Advantageous Government |
| production, research, or development of all kinds of | | | | Policies |
| products. However, in this article will focus our energies | | | | The policies of the Government of India with regards it |
| on it and more importantly concentrate on India as an | | | | have been able to attract large scale offshore |
| perfect destination for these kinds of services. | | | | software development projects to Indian shores. The |
| So, this begets the question, why should one go for | | | | various liberalization initiatives of the Government have |
| software outsourcing and also choose India as the | | | | also gone a long way in promoting the growth of the |
| offshore destination? | | | | this sector. Cities like Bangalore, Gurgaon, Noida, |
| Ø The Benefit of Cost | | | | Mumbai, Pune etc have all the infrastructural capabilities |
| Many companies, in their infant stage, have to count | | | | needed for the tie-ups with major companies in the |
| every penny they spend. They need to be supremely | | | | field. |
| cost effective, and thus maximize their profits. | | | | This industry in India has reached a state of maturity |
| Outsourcing provides a very good answer for such | | | | and it certainly has a bright future ahead. |
| problems. India as an offshore IT outsourcing | | | | At the end of the day, what offshore IT outsourcing |
| destination offers quality services at competitive prices, | | | | gives software companies is freedom. Outsourcing |
| therefore guaranteeing huge reductions in cost. | | | | helps these companies to maneuver their work force |
| Ø The Benefit of Affordable Labor | | | | in accordance with the tasks on hand. With it, you can |
| Developing countries like India have always been | | | | get a particular workforce for a particular project, |
| associated with affordable labor. This is because there | | | | which has proficiency levels in terms of the project. |