Companies currently not outsourcing to India are looking at ways to leverage this opportunity: Study
US companies are leveraging India advantages and are increasingly outsourcing to India, according to a study prepared by IBEF. The US companies that are already outsourcing products and services to India are looking to either expand the service or increase the scope of the service with more outsourcing, indicated the study.
Significantly the study adds, “companies currently not outsourcing to India are looking at ways to leverage this opportunity by considering different options from simple back office/shared services to fabrication and engineering.”
The study further states that given India's potential in R&D, engineering and software development, US based companies are tapping India's intellectual capital by setting up R&D, engineering and software development centers in India. “Some of these are their largest centers outside the US in terms of investment and people,” the study adds.
Significantly the study adds, “companies currently not outsourcing to India are looking at ways to leverage this opportunity by considering different options from simple back office/shared services to fabrication and engineering.”
The study further states that given India's potential in R&D, engineering and software development, US based companies are tapping India's intellectual capital by setting up R&D, engineering and software development centers in India. “Some of these are their largest centers outside the US in terms of investment and people,” the study adds.
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