 |
 |
| Companies around the world have realized
that to remain ahead of their rivals, they need to reduce costs, provide
the best quality, use the latest hi-tech skills and be reliable and
innovative. They are able to derive all these requirements through
a single source - The software industry in India which offers the
following: |
|
- Reliability - Indian software companies believe in strict adherence
to delivery schedules and customer satisfaction by using state-of-the-art
technologies.
- Cost and Time saving - Offshore software development in India
with the use of high-speed data communication links (64 kbps and
above) provide immense cost and time saving including 24-hour
virtual offices.
- Large Manpower Pool - 115,000 engineering graduates every year
transform India into the second largest English speaking IT professionals
pool in the world.
- E-commerce and web based solutions - Indian companies offer
the most cost-effective, innovative and extensive web-based solutions.
They also offer varied solutions for E-commerce
applications. Hotmail is one of the biggest example of Indian
innovative mindset.
- Time tested solutions - India enjoys very strong brand equity
in major markets, thanks to its growing and globally competitive
software industry.
|
|
|
| The information technology industry in
India over the last decade has evinced sustained growth and attained
a position of preeminence in the global economy. The potential therefore
is immense for the industry, given the fact that India has been clocking
growth rates in excess of 50 per cent as compared to the world average
of 25 per cent. |
|
|
| In year 1999-2000, 185+ fortune 500 companies
have outsourced their software/web development & other IT services
requirements to India. - Source Nasscom. |
|
| Companies around the world are gaining
competitive advantages by using Indian software/web services that
offer high quality, cost effectiveness, time saving, state-of-the-art
technologies and above all reliability. |
|
|
|
| More than 185 of the fortune 500 companies
outsourced their software/web development and other it requirements
to Indian software houses. |
|
|
|
| Outsourcing off-shore to India offers
the additional benefit of access to India's vast pool of lower cost,
skilled manpower. Offsetting this benefits, to an extent, are weaknesses
in India's telecommunications infrastructure plus, for certain applications,
some of the other potential negatives addressed in this Report (e.g.,
concerns regarding confidentiality and secrecy, accent and cultural
familiarity, etc.). A comparison of India with other potential outsourcing
countries is set forth in the table below. |
|
| |
Workforce |
Market access |
Local market |
Infrastructure |
Cosmopolitan |
Cost base |
| Australia |
2 |
2 |
1 |
3 |
3 |
2 |
| Singapore |
2 |
2 |
- |
3 |
3 |
1 |
| New Zealand |
2 |
2 |
- |
2 |
3 |
2 |
| Malaysia |
1 |
2 |
- |
2 |
2 |
2 |
| Japan |
1 |
2 |
1 |
3 |
1 |
3 |
| Hong Kong |
1 |
2 |
2 |
2 |
2 |
2 |
| India |
3 |
2 |
2 |
2 |
3 |
3 |
| UK |
1 |
2 |
2 |
3 |
2 |
1 |
|
|
| [ 3 Very good, 2 Average, 1 Below average
] |
| Source: India Business World |
|
 |
India Advantage
