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Indian Cities Competing for Software Outsourcing projects
Its news that IBM is to launch a software outsourcing
development in Noida. One of the top 5 upcoming and favorite destinations for IT outsourcing and business process outsourcing. Smaller cities such as Noida are gaining attention as outsourcing costs continue to rise in established centers such as Bangalore. There are many reasons supporting the shift of software and bpo companies from metro cities to mega and small cities. Before discussing the same, let us have a brief look at the growth of the IT and BPO industry.
Few facts questioning prediction of a slowdown in growth of IT and business process outsourcing (BPO) industries:
Exports expected to reach $10.5 billion to $11.0 billion this year- The National Association of Software and Service Companies (NASSCOM)
Sector employment up by 138, 000 from previous year.
Fiscal year 2006-06(ending March) witnesses exports of $8.4 billion, up 35% from the previous year.
This growth in the software outsourcing India industry has made the real estate and labor costs soar and the competition for skilled labor has resulted in attrition levels as high as 30% an year(in Asia), says NASSCOMM. The Software outsourcing India industry also faces tremendous competition from South Asian and Latin American countries and adding fuel to fire, the appreciating rupee has made exports less impressive.
For more information please visit: Software Outsourcing Company - TatvaSoft
Published: March 03, 2008