News »Browse Articles »
Mindteck to Continue Outsourcing to India
0
Mindteck to Continue Outsourcing to India
Bangalore:Despite Barack Obama Administration coming out with strong anti-outsourcing announcements, Mindteck, a global technology and IT services company, will continue to outsource work to India.
After a decade of outsourcing that helped transform India into much of the world`s back office, Indians are lately worried that President Obama`s new administration, along with the slowdown in the global economy, will cast a shadow over one of the fastest-growing sectors of the economy.
The $63 billion Indian IT sector makes up almost 7 % of the national GDP.
Talking to CXOtoday, Pankaj Agarwal, Group CEO, Mindteck (India) Ltd, said, "Mindteck will continue to outsource work to India. IT outsourcing is no more governed by cost arbitrage alone as they were in the early days of offshoring. Today many outsourcing vendors are active business/strategic partners to their customers and engage on risk-sharing models."
"As long as companies derive strategic business values from outsourcing, it will continue to spur them," said Agarwal.
Mindteck has successfully integrated its newly acquired services with the existing set of services over the last 12 months. "Today we offer one-stop IT and engineering services to all our customers globally, and those customers buying separate services from different vendors have started seeing better values working with a single vendor," he said.
The company claims to be a customer-focused organization and lets customers choose a service and a preferred delivery location so that they are at ease. "They started to see value in this model," he said.
After going through a series of mergers & acquisitions last year and after consolidating its various businesses, Mindteck said it will see more work being moved offshore to locations in India.
Mindteck has changed its sales model by moving 70% of the outsourcing work to India, which was earlier being delivered in the US.
Source:
http://www.cxotoday.com/India/News/Mindteck_to_Continue_Outsourcing_to_India/551
After a decade of outsourcing that helped transform India into much of the world`s back office, Indians are lately worried that President Obama`s new administration, along with the slowdown in the global economy, will cast a shadow over one of the fastest-growing sectors of the economy.
The $63 billion Indian IT sector makes up almost 7 % of the national GDP.
Talking to CXOtoday, Pankaj Agarwal, Group CEO, Mindteck (India) Ltd, said, "Mindteck will continue to outsource work to India. IT outsourcing is no more governed by cost arbitrage alone as they were in the early days of offshoring. Today many outsourcing vendors are active business/strategic partners to their customers and engage on risk-sharing models."
"As long as companies derive strategic business values from outsourcing, it will continue to spur them," said Agarwal.
Mindteck has successfully integrated its newly acquired services with the existing set of services over the last 12 months. "Today we offer one-stop IT and engineering services to all our customers globally, and those customers buying separate services from different vendors have started seeing better values working with a single vendor," he said.
The company claims to be a customer-focused organization and lets customers choose a service and a preferred delivery location so that they are at ease. "They started to see value in this model," he said.
After going through a series of mergers & acquisitions last year and after consolidating its various businesses, Mindteck said it will see more work being moved offshore to locations in India.
Mindteck has changed its sales model by moving 70% of the outsourcing work to India, which was earlier being delivered in the US.
Source:
http://www.cxotoday.com/India/News/Mindteck_to_Continue_Outsourcing_to_India/551