With the global outsourcing market growing at a break neck pace, India offers three benefits. You have an access to the Indian Intellectual Capital - Engineers, MBAs, CPAs and others from leading institutes, to enhance the productivity of your operations. You can set up your own low cost, high quality Offshoring Center in India. And you can plan your foray into the fast growing Indian Market.
India Advantage:
Hire Indian Intellectual Capital
The dot com era made acquisition of skill sets difficult at any cost. Even mature industries paid a heavy price as the young and talented professional were lured by high stock options and pay. The implosion of the dot-com era has made it considerably easy to acquire a certain skill set, but one will still be challenged.
India has a large and growing pool of highly skilled resources who can meet these skilled deficits and can work remotely. This means that highly sort after skills can be acquired with significant discount. India has around 2.5 million graduates passing every year. The recruitment and scaling up for any Organization is much easier as compared to other location. Thus, India advantage is not only Cost – but cost cum competence, considering the large talent pool.
Set up Offshoring Center
You can set up your own low cost, high quality offshore center in India. This way you can gain cost arbitrage and also enhance productivity. You can either set up your own ODC or use an Indian vendor. You could begin with a BOT model to minimize initial hassles of dealing with the local agencies. The unit can be yours three or five years later.
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Enter Indian Market
India ranks among the three largest emerging markets in terms of economic size and stock-market capitalization. Nearly a fifth of the $150 billion that has flowed into the stock markets of developing nations since 2002 has gone to India. The opening of the FDI in real estate and the new policy of SEZ (Special Economic Zone) has sized up opportunities for foreign investment in the Indian Real Estate. Last year Bangalore sold or leased over 9.28 million sq. ft space, thus becoming the third largest city in the world to achieve this benchmark.
There has been an emergence of the upper middle class with higher purchasing power. The number of cell phones has gone up from less than 5 million to over 100 million in four years. The airports are getting crowded and a number of new airlines have entered the fray. The Indian middle class of over 250 million has become a reality. Thousands of jobs are created every month and the youngsters are buying cars, houses and more. The opportunity at the bottom of the pyramid is mind boggling. The rural India has much more purchasing power than made out to be. Some of the large hospitals in Bangalore receive over 30% of their revenue from the rural population. The prices in some of Bangalore shopping malls could be as high as those in the US.
Recently in a Wharton Alumni meet an economics professor remarked, “For the last thousands years, India & China have always accounted for over 45% of the world GDP. Only in the last 300 years the western powers dominated the world scene. India and China are taking their rightful position back, possibly in the next 20 years”.
It is thus important to enter these markets right now, especially India. India is the hottest of the hot markets. It provides unlimited opportunities due to its potent mix of brainpower and large scale.
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Brickwork Advantage:
Brickwork can be your gateway to India and the Indian Intellectual Capital. We have a team of highly skilled and knowledgeable analysts who are MBAs, CPAs, Social Science Graduates, Lawyers, Doctors and other professionals from leading Indian Institutions. We select the best resource based on our clients’ requirements. Brickwork offers a gamut of services to our clients across the Globe.
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