According to management guru, CK Prahalad, 90 per cent of the global companies would go ahead with BPO and India had a relevance in this. He cited the case of a bank in Europe which made an agreement with an Indian company to upgrade the banks systems to be on par with India.
The opportunities that India had were immense, said Mr Prahalad. He is among the top businessmen and management gurus who are to attend the CEO summit which is to be held on Friday when they deliberate with President APJ Abdul Kalam on how to turn his vision of a strong India by 2020 a reality.
Later at a meeting of the Kerala chapter of the Techniques, Ideas and Enterprises (TIE), Mr Prahalad said that discussions in India were a litany of problems and not about opportunities. As a pointer to success, he referred to the Jaipur foot and the Aravind Eye hospital whose standards were superior to the ones in the US and were far cheaper.
Economic strength, technical viability and moral leadership could make India a major power by 2020. Though like China it could have started going on these lines a decade ago, time was not running out. He felt that India needed to concentrate on its co-operative sector and focus needed to be on the bottom of the pyramid. There was immense source of innovation to be leaders in health, education, energy, transportation and sustainable development.
By the end of the next decade, he felt that India with the worlds largest pool of trained manpower could have at least 30 of the Fortune 100 and have a share of 10 per cent in world trade.