Home > Business > PTI > Report
Outsourcing to India can save $1 bn for MNCs
H S Rao in London |
January 30, 2003 12:45 IST
Multinational companies could save up to $1 billion in five years by utilising the information technology outsourcing facilities in India, Arun Kumar, chairman of National Association of Software and Services Companies said at an international IT Summit, jointly organised by the Financial Times and Nasscom in London on Wednesday.
Kiran Karnik, president of Nasscom said the one-day conference was a huge success in terms of business prospect it generated from outsourcing to India and the level of contacts it enabled to establish.
About 150 European end-user companies and 40 Indian companies attended the meet at the Hotel Renaissance in London.
Outsourcing to India would help the MNCs cut costs while increasing productivity and quality as India has highly skilled and efficient workforce, chiefs of leading western companies were told during the conference.
Bharatiya Janata Party leader Pramod Mahajan, who resigned as parliamentary affairs, communications and IT minister to take up party work, was scheduled to deliver the key-note address but cancelled his visit at the last minute.
The summit, "Outsourcing to India - Strategic Direction for Value Creation and Growth" is an annual activity initiated in 2002 as part of Nasscom's long-term strategy to expand the Indian IT industry horizon beyond the US.
© Copyright 2003 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
|