Monday, October 10, 2005

Outsourcing Product Development (OPD) next wave in IT for India

The emerging Outsourcing Product Development (OPD) sector will trigger the next Information Technology wave in India with already a handful of companies carving a niche in the world.
Aiming to put India high in the IT value chain in the Information Technology services that had already earned the country a reputation, OPD would be India centric over the next few years as none of the emerging IT markets such as China or East European countries able to emulate the indian experience in the field, according to IT experts here.
OPD by definition is building consumer products for vendors and taking up responsibility of all aspects of the product lifecycle including R and D, prototyping, development testing and maintenance support.
According to various estimates the market size of OPD in India is around US dollars three billion and was expected to grow to US dollars 11 billion by 2008. The global market for product and technology services was set to a whopping US dollar eight-11 billion by 2008, according to a Nasscom-McKinsey report.
Nasscom says that Indian IT industry export revenues from the Product and Technology Services have grown from Rs 5,100 crore ($1.08 billion) to Rs 6,600 crore ($1.40 billion) during financial year 2002-03, registering a growth of 29.4 per cent.

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