Search Result for : Outsourcing

Sneha Gilada Global In-house Centres (GIC) are an integral component of the Indian IT industry and contribute significantly to the country's service export revenues. They have also been immensely beneficial to the economy in terms of employment generation. But the broad function of a GIC has changed dramatically in the last three decades, from being purely an operational vehicle delivering cost advantage by way of employing cheap labour; to driving strategic innovation and acting as a brand's window of penetration into new markets.  Celebrating the growing role of GICs in a modern day global enterprise, NASSCOM (National Association of Software and Services Companies) organised the 8th edition of its GIC conclave. The two-day event, inaugurated on April 20, was held in the city of Hyderabad, which is one among India's prominent IT hubs. The summit's prime ...

Sai Nikesh | The Dollar Business Foreign Direct Investments (FDI) in various sectors saw a negative trend in the first two months of the current fiscal year. In services sector, the inflow has declined 15% to $488 million during the first two months of the current fiscal, as compared to the figure of the same period of last year. “FDI in services sector has dipped, but it should not be a major cause of concern as overall FDI inflows in April-May 2015 period has touched $7.5bn, which is roughly 30% more than what we received last year during the same period,” Sanjay Budhia, Co-Chairman, CII National committee on International Trade Policy& Exports, told The Dollar Business. He said that the definition of ...

The Dollar Business Bureau India’s services exports seem to be headed towards the revival path with improvement in global economic climate and increasing investment on technology, say experts. According to the government data, services exports from India witnessed a fall of around 4% during the last financial year. However, between 2002 and 2012, the country’s overseas trade in services grew from $20.76 billion to $142.32 billion. In April this year, services exports from the country were worth $13.01 billion, down from $13.63 billion registered in April last year. But, the sector is hopeful to regain the upward trend in the coming months. “While there has been a dip in India's services exports, we are confident that driven by an improvement in ...

The Dollar Business Bureau India and Bangladesh are considering the development of a regional supply chain to boost their exports and set up a joint manufacturing hub of South Asian countries to counter China’s Pearl Valley Delta. India has plans to set up a special economic zone in Bangladesh and both the countries are likely to take a formal decision next month when Prime Minister Narendra Modi is expected to visit Dhaka, a media report said quoting senior government officials. “I have already spoken to the export processing zone regulators in Bangladesh, and we are looking forward to the idea of the Indian SEZ,” Bangladesh Foreign Minister Shahriar Alam was quoted as having said in New Delhi. Although the ...

Aravind Melligeri, Chairman & CEO, Aequs | Aequs targets revenues from the automotive business to grow to $30 million by 2020 and says that higher levels of FDI in aerospace and defence will help boost both volume and capability of the company Jayashankar Menon | @TheDollarBiz Helped by the growing reliance of leading global automobile manufacturers to outsource their auto component manufacturing to India, the country's exports from this sector are forecast to surge over three times from the current levels of $12 billion to $40 billion by 2020. Buoyed by the growing demand, the India-based precision engineering component manufacturer Aequs is targeting $30 million of its revenues to come from its automotive business alone by 2020. The company already supplies precision engineering components ...