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New Delhi: Outsourcing companies in India saw their businesses growing in the third quarter of this year, driven by improving business sentiments across the world, says a survey.
"The Indian offshore industry is growing on the back of improving demand and continued advantages of India as an offshore destination. India-centric suppliers are investing in delivery capabilities and setting up new centers," says 'Everest's Market Vista: Q3 2009'.
According to report, the number of offshoring destinations worldwide increased to an 18-month high in the third quarter of 2009. As many as 36 new supplier delivery centers established in third quarter compared to 30 during in the previous quarter. Besides, 28 new captives were established in the third quarter globally.
As many 11 new captive centers were set up in India during the quarter, highest in any single geography. These included names such as Standard Chartered, Ingersoll Rand, and Kontron. Besides, one-fourth of new supplier delivery centers were established in India.
"The increase in the number of captive set ups reflect signs of recovery in the overall market. We expect the industry in India to continue this momentum in the last quarter of 2009 as well as in 2010," Everest Group Vice President-Global Sourcing Amneet Singh said.
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