Thursday, September 22, 2005

India, Canada top outsourcing destinations: Study

From Manorma Online

Silicon Valley: US businesses looking to place their technology operations offshore should give strongest consideration to India, Canada, or China, said a report released by outsourcing consulting firm neoIT. India, which took the No. 1 spot in neoIT's ranking of 14 possible IT outsourcing destinations, offers "cost competitiveness, a highly skilled labour pool ... and a high level of service maturity," it said in its annual report 'Mapping Offshore Markets Update 2005.' The country's skilled labour pool and mature level of services helped it provide $12 billion in outsourced IT services last year. It also leads the world in IT services exports, with sales topping $12 billion last year. To help companies evaluate potential offshoring location, neoIT has ranked countries based on the neoIT 'Offshore Attractiveness Index,' which rates each country's characteristics to generate a quantitative net cost benefit of outsourcing to that destination. The five factors are: financial benefit, service maturity, people, infrastructure and catalyst.

The article sponsored by A-1 Technology Inc, dealing in application development outsourcing and software outsourcing.