Outsourcing Company Buyout

Yahoo reporting the buyout of India based Hughes Software Systems Ltd. by Singapore based Flextronics International Ltd. is the beginning of a new trend. You can expect more consolidation as the offshore outsourcing industry matures.

"Outsourcing of services and manufacturing is India's fastest-growing industry. For instance, India's call centers now employ an estimated 150,000, only three years after their inception. In 2004 fiscal year alone, India's software and outsourcing industry added 70,000 jobs."

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