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The total offshore engineering spend
is expected to grow to US$150 – US$225 billion by the year
2020, and India with its talent pool and existing experience in
engineering services, is well suited to realize 25% of this
opportunity - NASSCOM
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“The estimated knowledge process
outsourcing (KPO) market globally amounts to about $54 billion (as
of 2005). India is aiming at capturing 15 per cent of this market by
2010 from existing 5 per cent,” Jainder Singh, secretary IT (ministry
of communication and IT), said at a conference
organised by IIFT and Nasscom recently.
“Skilled manpower and
multi-lingual capabilities with low cost of labour can help the
country emerge as the front runner in the KPO industry globally,”
Singh said. He said by developing the potential in the KPO industry,
India would be able to help companies globally maximise their
savings through offshore operations.
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