Why Outsource Data processing and Offshore Software development to India? The reason is that India's natural resource lie in its abundant technically skilled manpower. India is the world's second largest exporter of software (after the U.S.), and is the source of management and technical talent in Silicon Valley. Thanks to its low costs of software talent, India has more software companies with ISO 9000 certification than any other country in the world. The impact of India's success abroad is also being felt. The stars of the Indian Internet industry are the Web solutions and Web ware companies who have made transition to e-commerce service providers and offshore outsourcing services.
Benefits of Offshore Outsourcing in India
· India offers many advantages that make it the favorite of 82 percent of US software export market.
· Increasing number of computer literate and English speaking professionals
· Well recognized Information technology skills
· India exports software to more than 95 countries.
· India has a stable political environment and pro-IT government.
· Reliable satellite and submarine communication links facilitate good broadband connectivity with the rest of the world. According to the National Association of Software & Service Companies, the Indian software industry, almost half the Fortune 500 companies now use Indian Software services. With over 4 million highly trained English speaking technical personnel the figures are second only to the USA and leading world class software companies, India is set to become the software giant of the new Millennium. To add a feather to the cap, a World Bank funded study in the United States confirmed that vendors rated India as their number one choice for offshore outsourcing.
India offers several advantages such as:
Cost savings factor. Costs for offshore outsourcing work in India are 30-50 percent lower than those in the U.S. after factoring in increased expenses for telecommunication, and infrastructure. Many ISVs have captured sizeable savings in offshore software development for mature products and executing custom software projects.
Time to market: Indian offshore software development allows companies to reduce the time required for conceptualization through marketing of the product.
High quality. Most IT services companies in India have a successfully tested methodology and have in-built quality standards for their development processes.
Large number of professional/technical talent: India has the largest english speaking IT talent pool in the world. Over 120,000 trained IT professionals are being added to the Indian talent pool yearly compared to 25,000 in the US. 62 percent of this Indian technical workforce has more than four years of experience and over 70 percent has an engineering degree. IT ---- major thrust area for the Government of India
· IT occupies an important place in the Indian Government’s opinion and is one of the Government of India's top five priorities.
· The National IT Task Force (ITTF) submitted its 108 point Action Plan to promote IT in the country. The Government of India has approved the plan and is in the process of implementing it.
· A separate Ministry of Information Technology was set up for the implementation of IT projects and to streamline the regulatory process.
· Information Technology Act 2000: The Information Technology Bill that was passed in the Indian Parliament in May 2000, has now been notified as the IT Act 2000. The IT Bill brings E-commerce within the purview of law and accords stringent punishments to cyber criminals.
Benefits of Offshore Outsourcing in India
· India offers many advantages that make it the favorite of 82 percent of US software export market.
· Increasing number of computer literate and English speaking professionals
· Well recognized Information technology skills
· India exports software to more than 95 countries.
· India has a stable political environment and pro-IT government.
· Reliable satellite and submarine communication links facilitate good broadband connectivity with the rest of the world. According to the National Association of Software & Service Companies, the Indian software industry, almost half the Fortune 500 companies now use Indian Software services. With over 4 million highly trained English speaking technical personnel the figures are second only to the USA and leading world class software companies, India is set to become the software giant of the new Millennium. To add a feather to the cap, a World Bank funded study in the United States confirmed that vendors rated India as their number one choice for offshore outsourcing.
India offers several advantages such as:
Cost savings factor. Costs for offshore outsourcing work in India are 30-50 percent lower than those in the U.S. after factoring in increased expenses for telecommunication, and infrastructure. Many ISVs have captured sizeable savings in offshore software development for mature products and executing custom software projects.
Time to market: Indian offshore software development allows companies to reduce the time required for conceptualization through marketing of the product.
High quality. Most IT services companies in India have a successfully tested methodology and have in-built quality standards for their development processes.
Large number of professional/technical talent: India has the largest english speaking IT talent pool in the world. Over 120,000 trained IT professionals are being added to the Indian talent pool yearly compared to 25,000 in the US. 62 percent of this Indian technical workforce has more than four years of experience and over 70 percent has an engineering degree. IT ---- major thrust area for the Government of India
· IT occupies an important place in the Indian Government’s opinion and is one of the Government of India's top five priorities.
· The National IT Task Force (ITTF) submitted its 108 point Action Plan to promote IT in the country. The Government of India has approved the plan and is in the process of implementing it.
· A separate Ministry of Information Technology was set up for the implementation of IT projects and to streamline the regulatory process.
· Information Technology Act 2000: The Information Technology Bill that was passed in the Indian Parliament in May 2000, has now been notified as the IT Act 2000. The IT Bill brings E-commerce within the purview of law and accords stringent punishments to cyber criminals.
