When various state governments in India are creating IT parks in tier II and III cities, trying hard to get some big companies so that small and medium follows and giving subsidies and tax incentives so to get more employment opportunities. However, there are some companies like Satyam who made their fortunes from India (Chairman of Satyam Mr. B Ramalinga Raju is one of the richest billionaires from the world) wants to expand and create software development centers in countries like Brazil and Mexico instead of India.
Not just Brazil and Mexico, Satyam is also setting up IT and BPO centers in Egypt, Australia, Uruguay, West Asian and European countries.Thus says a report from Business Standard
You ask them, they will tell you 'facts' like how its important to be present in nearshore or how they practice 'corporate social responsibility' to uplift the poor, help the disabled, educate the uneducated etc. I dont want to get into these 'noble' paper details, but it seems India is not anymore Satyam's automatic choice for business. There are software companies from all across the world coming to India and really have aggressive future plans to recruit more and more eligible candidates. I can recall an example of CapGemini, a company from France, which was not doing too well in its own country, but since the time it came to India it never looked back. Now CapGemini has plans to recruit thousands in the coming years and have centers in almost all metros of the country.
The value of US dollars earned by exports have cut into India’s high growth IT sector, says a study by CyberMedia.
It states that Indian IT companies more than the slowdown has been hit harder by the fact that Indian currency rupee gained 9% against dollar in 2007/08. However, domestic IT market in India is going strong. Global players like SAP, Dell and Accenture have entered the Indian IT’s top 20 list. Specialist firms like Financial Technologies and Bartronics have showed mani-fold rise in revenues while companies like HP and Cisco topped Rs. 5000 crore annual revenues earned within India.
With a gasping economy to deal with, Bush administration is opening up to investment from abroad. It is also proactively asking US big and small corporations to seize the opportunities to rebuild their equity fast. Recently, Temasek Holdings, an investment wing of Singapore government became largest shareholder in crumbling Merrill Lynch, which is finding desperate ways to revive from the collapse of housing related debt. There are also funds flowing in from China and UAE. Asia and Middle East based sovereign wealth funds has helped bail out companies like Citigroup and Morgan Stanley, which were also down by sub-prime crisis.
Do we have a national security issue here, an average America may ask. As per reply from White House, there is nothing to be worried about. As a matter of policy the United States is open to foreign investment and it welcomes it when overseas investors prefer to invest in US firms than others. It would be a concern if they don’t do so.
In the recent months, personalcomputer maker Dell, has been testing a digital music player that could go on sale as early as September, reports Wall Street Journal. Dell’s new foray would put it into an Apple-led market that has defied assaults.
Companies like Microsoft and Sony have tried and failed to make a dent in the market dominated by Apple’s iPod players and iTunes store. The music player which Dell hasbeen testing features a small navigation screen and basic button controls to scroll through music play lists.
Do you think economic slowdown will impact opportunities for Indian talent? ABB’s HR head, Gary Steel, when asked this question has said, recruitment at ABB for global roles isn’t driven by passport. Now that can be a sound byte for any budding business journalist. And its so contemporary and can be relevant at any part of the world for any MNC.
While answering the same question further he said that they believe in India’s potential as a market and would require 45,000 engineers in the next five years of which 7,000 has already been recruited globally. This means ABB is not deterred by so-called slowdown. In India, last year ABB hired 1,500 people and will be needing another 4,000 by next three years.
Indian technology companies may successfully bag IT contracts from around the world, but they came as pauper on their own home turf. Commonwealth Youth Games which will be hosted in Pune this year has not found a single Indian It company bidding for the tender process for IT products, services and solutions.
Reason? One of the tender criteria is having provided IT solutions in at least one Olympic, Asian or Commonwealth Games in the last five years. And that’s where Indian IT companies have defaulted because no one has delivered projects in the said games. Source: Economic Times
As heavy rains poured in Mumbai in the last couple of weeks, the city by the side of Arabian sea saw its low-lying areas and suburbs (where quite a few BPO and outsourcing centers located) have been inundated. But it seems the rains could not deter the spirit of Mumbaikars. Its business as usual, so saying the big bosses.
For Sumit Chowdhury, Reliance Communications CIO, the scenario might just have been a bit different, if given a choice. "Well, I would like to be at home with hot piping bhajias, working simultaneously on my laptop."
He however, took his big car for the commute between his home and his office at DAKC in Navi Mumbai. "We have a broadband connection, and most of our work gets done through video conferencing, but we need to come to office on such days for critical meetings." Source
Is there a single business segment which has not been affected (mostly positive, but negative as well) by information technology outsourcing? Now, there is this report in NDTV, which says, how pharmaceutical companies, already pressed with various issues, are getting back their competitiveness, thanks to some IT, companies.
They call its life science process outsourcing. A fairly new but rapidly growing segment of Knowledge Process Outsourcing (KPO) where apart from technologists, we are inducting doctors, pharmacists and even nurses who bring understanding of medicare processes and help in extending services.
With global pharma companies leveraging IT to cut costs, Indian technology firms such as TCS, Satyam, Patni and Cognizant are now stepping up presence in life science space.
"Increasing costs of R&D, coupled with low productivity and poor bottom lines, have forced major pharma companies worldwide to outsource part of their data management activities to low-cost countries, thereby saving costs and time in the process," TCS Vice President and Global Head - Life Sciences and Healthcare ISU - Debashis Ghosh said.
Indian companies are shopping in foreign countries. We have seen some successful endaveors last year by TCS and likes in US, Mexico and Philippines. Now its the turn of Romania. Evalueserve, an Indian KPO company, plans to set up a new center in Cluj. I am not sure whether the place falls in Romania or not. Wikpedia says it's in Romania, if I am mistaken kindly let me know.
Indian financial research and analysis company Evalueserve...has chosen Cluj as its base of European operations, where it will hire 300 people by 2012.source