India seeks higher-value outsourcing work

By: Bharat Jain


Indian companies are flattering to become the foremost player in the International arena. They are hiring assertively in the United State, thereby reversing the former trend of transferring the Indians to work in America on the basis of fleeting visas.

There is a latest trend across the India, where KPOs are trying to elevate their value chain. Indian analysts examine the stock market data in the agency of the Chennai to hunt for the investment opportunities for a London-based fund company.

Indian lawyers have undertaken the research and patent filing in Gurgaon, (the place on the outer edge of Delhi) for the various Western technology and healthcare companies.

Ashish Gupta, chief operating bureaucrat of Evalueserve said that the knowledge process market in India is worth $2.5 billion to $3 billion a year, and is likely to nurture $10 billion to $12 billion by 2012.

Motivating this boom will be a huge cost savings for Western companies and better fees for Indian companies than they can receive by managing the call centers.

R. Sivadas, chief executive of Scope e-Knowledge Centre Pvt. Ltd. in Chennai said that the patent examination can be done in India at $50 to $80 an hour, in relation to $150 to $350 in the United States.

Adding to this, Sivadas said that the average billing rates in the knowledge process sector is 40 to 50 percent, higher than those in the call centers. Hence, we can make it out that in the next 6 to 8 years, KPO will certainly going to be an augmentation sector, whose firm will heave a staff to 680 by March 2008.

In order to give research services to local financial firms, Sundaram Finance Ltd has situated a back-office subsidiary six years back, that have now 23 clients from different countries to outsource jobs like—market and data research.

To have the larger share of the KPO services business, Indian software majors’ like-- Infosys Technologies Ltd. and Wipro Ltd. are too competing. In its most recent fiscal year, Infosys has made $147.52 million profit from all the business process outsourcing; in which 8 percent was from the high-values, knowledge tasks.

By 2009, Wipro's business process outsourcing unit intends to double the revenue to 40 percent from the knowledge services.

On June 28, Australia's leading bank, National Australia Bank (NAB), has decided to offshore its 41 back office finance jobs to India by the end of this year.

Sivadas said that there are two issues regarding the manpower -- it’s not that grave problem when it comes to the quantity but the matter of concern comes when it comes to quality. Adding this, Sivadas held that it’s not an easy task to get the things accomplished since lot of time; money and effort is to be spended in judging the right candidates.


Author: Bharat Jain Source From: ITMatchOnline.com, an outsourcing hub where provider and buyer exchange their needs. Looking to outsource KPO services? Visit ITMatchOnline.com