india to india
TRANSCRIPT
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OUTSOURCINGTO INDIA
INKPO , BPOAND IT
Presented by
Muntazir
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MEANING OFOUTSOURCING
Outsourcing is the contracting out of an internal business
process to a third party organization.
Outsourcing includes both foreign and domestic
contracting, and sometimes includes off shoring, which
means relocating a business function to another country.
Financial savings from lower international labour rates is a
big motivation for outsourcing/off shoring.
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ADVANTAGES
Get access to skilled expertise
Focus on core activities
Better Risk Management
Increasing in-house efficiency
Run your business 24X7
Cut costs and save BIG!
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OBJECTIVESOFSTUDY
To know about the benefits of outsourcing.
To know about the policies of India regarding
Outsourcing.
To know the jobs created by outsourcing in India. To know how outsourcing helps in economic growth
to India.
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METHODSOF DATACOLLECTION
There are two methods of Data collection are. Primary source.
Secondary source.
In this study we only use Secondary method of data
collection by surfing net. As I have to look only what Indiais providing to make its country outsourcing destination.
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WHY INDIA.
Swot Analysis
Strength
Highly skilled, English-speaking workforce.
Abundant manpower.
Cheaper workforce than their Western counterparts.
According to Nasscom, The wage difference is as high as
70-80 percent when compared to their Western
counterparts.
Dedicated workforce aiming at making a long-term career in
the field.
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WEAKNESS
Recent months have seen a rise in the level of attrition rates
among ITeS workers who are quitting their jobs to pursue
higher studies. Of late workers have shown a tendency not to
pursue ITeS as a full-time career.
Local infrastructure.
Political opposition from developed countries Opportunities.
Indian ITeS companies should work closely with Western
governments and assuage their concerns and issues.
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THREATS
The anti-outsourcing legislation in the US state of NewJersey. Three more states in the United States are planning
legislation against outsourcing Connecticut, Missouri and
Wisconsin. o Workers in British Telecom have protested
against outsourcing of work to Indian BPO companies. Other IteS destinations such as China, Philippines and
South Africa could have an edge on the cost factor.
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FINDINGS
Outsourcing becomes necessary for firms to remaincompetitive.
Outsourcing helps firms to get global recognition.
Service sector has become back bone of Indian economy.
Service sector contributes 58% of Indian GDP.
Govt is providing various benefits in order to attract more n
more foreign firms.
About 3 million people of India is directly employed by
these outsourced firms.
2.1 million is indirectly employed in service sectors.
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CONTRIBUTIONOFITBPOINGDPOFINDIA
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REFERENCE
http://www.tutorial-
reports.com/business/outsourcing/india/evolution.php
http://www.outsource2india.com/
http://www.articlesbase.com/outsourcing-
articles/global-outsourcing-2098914.html