Knowledge Process Outsourcing (KPO) is a $54 billion industry globally

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 “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.

Other Highlights:
  • Biotech business in India has the potential to generate annual revenues of $5 billion and 1 million skilled jobs by 2010
  • Indian IT and ITeS sector have created an additional 3 million job opportunities through indirect employment
  • The total number of IT and ITeS-BPO professionals employed in India is estimated to have grown to 12.9 million in 2005-06 from 2.8 million in 1999-2000

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