Tuesday, November 02, 2004

Indian Outsourcing Pros Helping China

The Economic Times reports Chinese companies are showing interest in Indian company professionals for their expertise. As the Chinese look to expand into the profitable US and European markets they are seeking the advise of Indian executives and business experience.

China’s ambitions on the software export front are however, very apparent. It has set a target to make English a widely spoken language by 2008. Its IT services exports, according to Gartner — a technology research firm — are expected to reach $5 billion in 2005 and rise fivefold to $27 billion by 2007.

So far the Indian and Chinese software services industries haven’t really gone head-to-head in the market. But as the Chinese target the lucrative American market and as the Indians try to make in-roads into the Japanese and Korean markets, they are bound to collide, probably over the next five to ten years.

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