India
is well on its way to becoming an IT Super Power, due to continued
growth and expansion. India's software industry is using it's
vast resources of technology
professionals to grow and win business from some of the world's largest corporations.
Examples include:
- Infosys Technologies, the global technology
giant known throughout the world, has a campus in the city
of Bangalore second only to Microsoft's Silicon Valley. Infosys
is a major contributor to India's dominance as a major software
exporter to the United States.
- According to the National Association
of Software and Service Companies (Nasscom), software and
related services accounted for 5% of the country's exports
in 1998. Software exports are expected to rise to 25% of
the total exports by 2002 - 2003, or $15 billion, and to
reach $50 billion by 2007 - 2008.
- The global market for IT enabled services
or remote processing, which covers all call centers, medical
transcription, data digitalization, back-office operations,
web content development and animation, is expected to grow
to $200 billion in five to seven years from the current $10
billion.
- Global brokerage HSBC Securities stated
that "The revival in the U.S. economy and subsequent
rise in corporate investments will lead to improved prospects
for Indian IT services." The U.S. currently accounts
for 62% of India's software industry.
- India has effectively provided software
solutions to a number of Fortune 500 companies, including,
Citibank, Wal-Mart, Coca-Cola, Pepsi and United Airlines,
AT&T, IBM, and Dell Computer Corp.
"India is going to play a tremendous
role in meeting our software and business process needs," stated
Michael Dell, Chairman and CEO of the Austin, Texas based firm.
The company runs a customer contact center in Bangalore to
serve Dell's customers in the U.S., Europe and the Asia-Pacific.
Dell also has software developed in India for bundling in the
company's computers and for internal use. India has 400,000 software programmers,
with groups like the Indian Software Network offering IT
services to clients around the world. The network is comprised
of a select group of Indian software companies possessing
highly skilled manpower and excellent infrastructure. It
comes as little surprise that corporate giants in the U.S.,
Europe and Japan are increasingly looking to India for cost-effective,
high quality software solutions.
|