Tuesday, October 05, 2004

Indian Diaspora Helped Outsourcing

ITworld.com reports India professionals, venture capitalists and entrepreneurs of Indian origin helped promote India as an outsourcing destination, according to a study conducted for the World Bank Institute in Washington, D.C., by Evalueserve Inc., a business intelligence and research firm.

"While other low-cost destinations are slowly catching up with India in outsourcing, the country will retain its edge because of the growing influence and expertise of the Indian diaspora, particularly in the U.S., Canada and the U.K., the study said. A key factor is the increase in organized networking and mentoring that the diaspora community can provide to businesses engaged in outsourcing, the study said."

"Some VCs in the U.S., particularly those of Indian origin, are actively funding companies that have back-end operations in India to save on research and development (R&D) costs, the study said. As of March this year, more than 150 U.S. startups had some back-end operations in India, and the number is likely to double by March 2006, according to the study."

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home