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Offshore outsourcing is not new, the Manufacturing and the Textile industries went through this during the 1960s-80s. Offshore outsourcing literally means outsourcing your activity to one who is not on your shore or who is beyond your shore. Offshore outsourcing is a concept in which the buyer of the service is located in some other country then the provider of the service.
Now, with improvement in the telecom & technology, and the Internet it is possible for service processes to be outsourced. The resultant is genesis of service companies leading to business efficiencies and higher revenues. Organizations are investing in offshore outsourcing resources because when compared to their own countries, certain nations have vast & easily accessible resources that can be exploited to gain competitive advantage.
Many developing countries are attracting business organization from developed countries because developing countries are providing quality services at economically cheap price in comparison to developed countries.
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