| Outsourcing is not new for the country like | | | | will be around $17 billion of which $12 |
| India. It was started dates back during | | | | billion (70%) will be outsourced to India." |
| 1960s. Business Process Outsourcing (BPO) is | | | | Thus KPO is going to be global hub for the |
| the long-term contracting out of non-core | | | | country like India. Areas with significant |
| business processes to an outside provider to | | | | potential for KPO include pharmaceuticals, |
| help achieve increased shareholder value. BPO | | | | biotechnology, and ICT, besides legal |
| saves precious management time and resources | | | | support, intellectual property research and |
| and allows focus while building upon core | | | | design and development for automotive and |
| competencies. After BPO, India has now set | | | | aerospace industries, CII stated. |
| its sights on becoming a global hub for | | | | |
| knowledge process outsourcing (KPO). | | | | KPO involves high-end processes like |
| Knowledge Process Outsourcing (KPO), a new | | | | valuation research, investment research, |
| terminology is evolved for the business | | | | patent filing, legal and insurance claims |
| related to the patents and intellectual | | | | processing, patents and prior-art search, |
| property. | | | | etc. India with its knowledge base and lower |
| | | | costs will be leading the pack in the race |
| As India has the second largest English | | | | for KPO businesses. |
| speaking scientific manpower pool in the | | | | |
| world after the U.S. most of the Global | | | | The economy of an industry is fueled by its |
| competitors are looking forward to India to | | | | innovation and thus there is a need to |
| outsource their IPR needs related to patent | | | | protect your innovations in order to make |
| searching, prior art search, infringement and | | | | money from them. The firm protection of |
| validity search etc,. In a survey it was | | | | intellectual property requires a planned |
| found that Indian graduates cost 50%+ lower | | | | investment of both time and money. There are |
| than the U.S. and initial setup cost are half | | | | many ways by which you can protect your |
| those in U.S. According to the Rick Wills, | | | | invention to avoid others making money from |
| CEO, of Tektronix Inc. | | | | your efforts. When a company starts of |
| | | | thinking of a new project or going to file a |
| "In India, free-market reforms are creating | | | | patent for a newly developed product, it is |
| the world's largest back office, transforming | | | | suggested to conduct a state-of-art search or |
| the country into a major force in IT, | | | | prior art search. This service is provided by |
| outsourcing, and critical service application | | | | many KPO firms in India at reasonable cost |
| delivery." | | | | and better quality. |
| | | | |
| Confederation of Indian Industry (CII) study | | | | Thus it is assumed that KPO will be a global |
| saying that KPO would grow at 46 per cent to | | | | hub among the student in Indian in near |
| become $17 billion sector by 2010. The BPO | | | | future, with more demand for the people |
| industry, only 26%. Global KPO pie in 2010 | | | | expert in this area. |