|
|
|
A recent McKinsey study rightly proclaimed that India was on the cusp of an offshore outsourcing wave. According to Noshir Kaka, McKinsey principal "There is a dramatic increase in the willingness and intent to do business in India. Not only in the number of customers, but the kind of services and size of deals."
Global corporations are either setting up independent offshore development centers or increasingly allying with Indian companies for offshore development.
The obvious driving force behind the growth is strategic cost advantages offered by India. Added to this, India technical skills and delivery model are now recognized by global
corporates as a part of the efficiency solution in a volatile global market.
At the same time, Indian IT services companies are aggressively adopting global project delivery methodologies to be able to make the shift. For instance, 22 out of the 37 SEICMM Level 5 certified software companies are in India. In addition, India boasts of 140 ISO 9001 certified software development companies.
Also Indian companies have access to 120,000 trained IT professionals to its talent pool yearly compared to 25,000 in the US. Over 62 per cent of this Indian technical workforce has more than four years of experience and over 70 per cent have an engineering degree.
According to a McKinsey report, despite the obvious advantages, US majors have under-leveraged India's offshore outsourcing potential. India low cost mantra glosses over the quality of service Indian software service providers can offer.
|
|
