The revival in global economy has given a booster shot to the overseas expansion plans of the IT industry. Over the last two months, large IT companies seem to be pulling out all the stops to scale up presence in locations such as
While Wipro announced a new global delivery centre in
The galvanised cross-border investment activity is visible not only for Indian companies but also MNC giants such as Steria and Microsoft that have spruced up their existing bases in India through additional IT services and R&D facilities, respectively, just last week.
“Over the past few months, there has been a significant uptick in the business pipeline, and companies are beginning to invest in anticipation of recovery,” says Mr Sid A. Pai, Partner and Managing Director at outsourcing advisory firm TPI India.
Global delivery models
This trend, he said, is true for all IT segments. “Indian companies looking to be truly global have been going after global delivery models,” Mr Pai said.
Wipro's new centre, located in South Melbourne, will provide consulting, software development, testing and business process services to domestic and global companies in
Last week, European IT-enabled business service provider Steria announced that it will deliver Remote Infrastructure Management services from its newly expanded centre in Noida.
Just a day later, Microsoft India R&D announced the expansion of its product development activities to
Genpact, which has centres in
“Companies are exploring new growth engines and new geographies, and there is a clear need to be close to end-customers. So, you will see expansion across all categories – IT services, BPO and R&D,” Mr Praveen Bhadada, Engagement Manager, Zinnov Management Consulting, pointed out.
Monday, April 5, 2010
Global recovery drives IT cos' plans to expand overseas
Industry Research Reports
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