Searching for new markets

Rachana Khanzode, Reema Jose
Posted: Sunday, Jan 04, 2009 at 2349 hrs IST
Updated: Sunday, Jan 04, 2009 at 2349 hrs IST

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: developers any breather from the current business slow-down in global markets, industry watchers argue that well- placed Non Resident Indians promote India as an attractive outsourcing destination in the post- recession period, when offshoring would become more of vogue. “Once the recession eases, companies will realise that cutting down cost through offshoring is more strategic to their businesses than before. At that time, NRIs at decision making capacities will vouch for India, as they know the advantages that the country offer,” concludes Bejoy George, VP - Business Development at engineering company Quest.

Sabyasachi Satpathy of Mindplex Consulting shares that the current slow down in United States could force many Indian entrepreneurs there to consider shifting base to India. “We already have Indian entrepreneurs inspire their partners abroad to set up offices in India and expand here. The current slow down has not yet impacted India the way it has hit the US. India is still expected to post growth rates of between 6% and 7%, which will inspire businesses to consider shifting here,” he adds.

George shares that the slow down in the United States would also help boost the talent supply in India, as the number of skilled workers moving back to India has increased significantly. “Indians who are issued pink slips in the US are making a come back. Sectors like engineering, which have lamented manpower shortage will benefit largely from this reverse brain drain, as the inflow of highly skilled workers will curb the steep salary hikes in the sector.” ...

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