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outsourcingRecession: Can it be leveraged to benefit IT Services CorporationsLook at news that is all pervasive across any news channel, the doomsayers have one thing to say in common; that we are amidst recession and business outlook is bleak for foreseeable future. Are captive offshore centers losing their sheen?A couple years back if a corporation did not have an offshore strategy it was living in a bygone era, then came the phenomenon of not just having an offshore partner but also of having your own development centre. But how successful is the strategy of corporations who have recently started their operations in India? If recent news of GE, Citibank, Ameriquest, etc divesting their stake in offshore Effect of US Sub-Prime Meltdown on the IT industryWhat is going to be the impact of the sub prime meltdown on the IT industry? Is Outsourcing only about Cost Benefit?There are a lot of proponents of outsourcing, highlighting two key benefits of this exercise In the News ... Wipro Q2 profit up 48 pct, beats forecastsThe earnings seasons for offshoring players began with Infosys beating market estimates...followed by TCS and Now Wipro "Wipro Q2 profit up 48 pct, beats forecasts" While there is a general sense of euphoria, analysts like Motley Fool Musing on my interactions with NASSCOMSometimes, it is who you know that really matters...what some call "networking" I have been involved in offshoring and outsourcing for a while and constantly interact with peers and academicians. However, I have been oblivious to connects into players in IT policy making space, especially in India. Why did I want to connect with the bureaucracy in India you may be wondering? Just after publication Labor Day, outsourcing and WSJLabor Day, in many parts of the world is associated with 'May Day' and growing up in India, I recall the chants of "we shall over come, we shall over come" echoing in radio, TV and even in street corners where factory workers and "labor" would concentrate. The communist undertones were unmistakable, more so because the 'communist parties' in India still wield considerable clout. Now, what does this |
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