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