We want offshoring and technological change to be managed transparently so that only one economy does not benefit at the expense of another, says UK union Amicus's nat. secy David Fleming.
In a boost to the opponents of outsourcing of high-tech jobs to countries like India, a $328 billion spending bill aimed at prohibiting government contractors from shifting work overseas would come up before the United States Senate this week.
He is stemming migration to cities and ushering in social change in Uttarakhand.
Prime Minister Atal Bihari Vajpayee said on Friday that outsourcing to India was a 'win-win situation' for India and the sourcing countries, and that the fears of job losses in those countries were baseless.
The Centre stressed that the next three weeks will be critical for the country reeling from the worst health crisis as it announced a series of measures to shore up medical infrastructure and supplies and scale up vaccination.
Firms are flooded with credit crisis-related litigation jobs from American law companies.
India has the potential to generate 30 million jobs on incremental basis in outsourcing business by 2020, Boston Consulting Group vice-president and director K James Abraham said in Kolkata on Tuesday.
"While $30 billion is the achievable target, 50 billion is the aspirational target", Nasscom President Som Mittal said on Tuesday while releasing the findings of a study on India's BPO industry conducted jointly with the Everest Group, a global strategy consulting group.
'Gartner Inc predicts that by 2007 China will pull in $27 billion for IT services including call centres and back-office work, matching India,' Business Week said.
Old economy companies such as Hero, M&M (Tech Mahindra), Aditya Birla, Essar, Hindujas and Larsen & Toubro have sprung into action with large acquisitions and major deals.
The US sub-prime lending crisis forced Mumbai-based WNS Holdings to revise its net income guidance by 60 per cent, and this is worrying the $8 billion business process outsourcing sector players and analysts.
Infotech major Infosys Technologies Ltd is scouting for acquisitions in 'all geographies' to expand its overseas footprint, the company's chief executive officer and managing director S Gopalakrishnan said.
Reacting sharply to the proposal by some US states to ban outsourcing of state data processing contracts to developing nations, Union Law and Commerce Minister Arun Jaitley said the move was against the principle of market access.\n\n\n\n
The voice operations (call centres) of IT-BPO firms -- which comprise around 20-30 per cent of most firms in India -- will be the most affected since the International Private Leased Circuits are down.
Indian IT-BPO firms are looking at Philipines as a viable option to build outsourcing centres.
The economics, the cost pressures, the declining labour pool, the case studies of competitors and the maturing vendor base will ensure that this industry continues to grow, says Noshir Kaka, Principal, Mckinsey & Co.
The upcoming centre will be spread over 37 acres and is expected to be operational by the first quarter of next year, said David Andrews, CEO of Xchanging. Xchanging is also in talks with at least three top Indian corporate houses to enter the domestic outsourcing market.
The effects of the sub-prime crisis and the resultant slowdown of the US market is evident on the margins of Indian information technology (IT) and IT-enabled Services (ITeS) firms. Business process outsourcing (BPO) firms such as Firstsource, Pune-based HOV Services, Zenta, Aegis BPO and others have been receiving inquiries from existing as well as new customers for ramping up their account receivables management (ARM) business.
Neeraj Bhargava, CEO of Mumbai-based business process outsourcing (BPO firm) WNS Global Services, and his team have voluntarily decided to forfeit their bonuses if they are not successful in getting the attrition rates below 30 per cent. This is probably the first such move of its kind in the industry in which attrition has become a critical issue. WNS has over 15,000 employees, and its current attrition rate stands at 43 per cent.
There have been numerous instances where employees were asked to leave when the information they have shared with the prospective employer has been found to be fraudulent. Background checks are getting more common as companies look to protect their interests and their clients' interests. So, watch what you claim on your CV.
The success of IT highlights the importance of opening up and integrating our economy with the world economy.
Chandrashekar Kakal was operational head of the India business unit.
Asia-Pacific has been the only region to show growth in the business process outsourcing (BPO) market in the first half of 2007.
Bharti Airtel is understood to have entered into an agreement with IBM for managing its IT and network-related services.
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