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In the December 8th issue of Business Week there is a cover story, "The Rise of India." And believe me, this article gives you something to think about. Here are just a few quotes --
"The biggest cause of job losses, of course, has been the US economic downturn. Still, there's little denying that the offshore shift is a factor. By some estimates, there are more IT engineers in Bangalore (150,000) than in Silicon Valley (120,000). Meta figures at least one-third of new IT development work for big US companies is done overseas, with India the biggest site. And India could start grabbing jobs from other sectors. A.T. Kearny predicts that 500,000 financial services jobs will go offshore by 2008. The US governments are increasingly using India to manage everything from accounting to their food-stamp programs. Even the US Postal Service is taking work there. Auto engineering and drug research could be next.
"Whether you regard the trend as disruptive or beneficial, one thing is clear. Corporate America no longer feels it can afford to ignore India. 'There's no place else to squeeze costs in the US,' says Chris Disher, at Booz Allen Hamilton Corp. outsourcing specialist. 'That's why every CEO is looking at India, and every board is asking about it,' neoIT, a consultant advising US clients on how to set up shop in India, says it has been deluged by big companies that have been slow to move offshore. 'It is getting to a state where companies are literally desperate,' says Bangalore-based neoIT managing partner, Avinash Vahshita."
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Grüße
NL
In the December 8th issue of Business Week there is a cover story, "The Rise of India." And believe me, this article gives you something to think about. Here are just a few quotes --
"The biggest cause of job losses, of course, has been the US economic downturn. Still, there's little denying that the offshore shift is a factor. By some estimates, there are more IT engineers in Bangalore (150,000) than in Silicon Valley (120,000). Meta figures at least one-third of new IT development work for big US companies is done overseas, with India the biggest site. And India could start grabbing jobs from other sectors. A.T. Kearny predicts that 500,000 financial services jobs will go offshore by 2008. The US governments are increasingly using India to manage everything from accounting to their food-stamp programs. Even the US Postal Service is taking work there. Auto engineering and drug research could be next.
"Whether you regard the trend as disruptive or beneficial, one thing is clear. Corporate America no longer feels it can afford to ignore India. 'There's no place else to squeeze costs in the US,' says Chris Disher, at Booz Allen Hamilton Corp. outsourcing specialist. 'That's why every CEO is looking at India, and every board is asking about it,' neoIT, a consultant advising US clients on how to set up shop in India, says it has been deluged by big companies that have been slow to move offshore. 'It is getting to a state where companies are literally desperate,' says Bangalore-based neoIT managing partner, Avinash Vahshita."
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Grüße
NL
