Monday, November 15, 2004

Microsoft Goes to India

Times Online reports Microsoft dramatically increased its presence in India, opening a major new campus on the subcontinent and unveiling a key joint venture with Infosys Technologies to provide software and consulting services.

In a bid to capture a greater share of the lucrative and expending market, Microsoft and Infosys will initially invest $8 million to develop a portfolio of services for companies worldwide, Microsoft's chief executive Steve Ballmer said.

The Indian outsourcing market, which includes services such as call centres, back office operations and IT services is forecast to grow from $2.3 billion in 2002 to $8.5 billion in 2008, according to NASSCOM, the Indian lobbying organisation. The global market is forecast to grow to between $200 billion and $250 billion in 2008.

Bangalore, India's leading "offshoring" city, recently claimed it was on the verge overtaking Silicon Valley as the leading IT employment centre in the world, such is the volume of work being outsourced from overseas there.

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