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In recent years, BPO has emerged as a dominant business trend worldwide.
As this trend impacts the strategies of companies around the world,
India has emerged as the offshore BPO provider of choice with companies
like GE, HSBC, World Bank, British Airways reaping significant bottom-line
results following their decision to move processes to India.
Quality manpower combined with lower costs, Conductive Policy Environment
and Government support are the key factors allowing Indian companies
to deliver equivalent services on a far more cost effective basis.
Cost, Quality and
productivity gains are driving the Outsourcing Wave to India.
Multiple Contenders
aspiring to be ITES Hubs
Source: Nasscom-McKinsey
Report
The Giga group in
its report in May 2001 titled "offshore and near shore Outsourcing
Options. There are alternatives, but India Is the Top Choice",
states "India is currently the choice due to its outsourcing
capabilities, telecommunications infrastructure, experience quality".
Given these advantages, India could build a $17 billion IT enabled
services industry by 2008 according to the NASSCOM McKinsey Report.
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