Wednesday, October 8, 2008

Welcome to Silicon Valley of Joy, ‘no talk of Nano please’


Finally the city of joy is emerging as a new hot bed for IT outsourcing. It is finally standing shoulder to shoulder with the likes of Shanghai and Beijing. If indications are anything to go by, soon Kolkata will emerge as the new Silicon Valley from east. Let’s forget the Nano saga. Avinash Vashistha founded IT outsourcing research firm Tholons and Global Services have announced the top 50 emerging outsourcing cities of the world in 2008. China was leading with six cities on the list, followed by India and the Philippines with four cities each. The list reveals India losing its position in the outsourcing industry to competitors including China and the Philippines. As per 2007 rankings, India was leading with six cities in the top 50 list.

Cebu has been recognized as the leading emerging destination for outsourcing in 2008 as compared to Chennai in 2007. The results will enable outsourcers to start outsourcing/offshoring beyond India. The top 10 emerging global outsourcing cities include Cebu, Shanghai, Beijing, Ho Chi Minh City, Krakow, Kolkata, Cairo, Sao Paulo, Buenos Aires, and Shenzhen.

The study also stated that the key deciding factors for outsourcers in choosing an outsourcing location include the strengths of individual cities, available resources, and long-term potential in fulfilling demand for specific services. Meanwhile, India retained its leading position as six top global outsourcing cities were Indian; these included Bangalore, Chennai, Delhi NCR, Hyderabad, Mumbai, and Pune.

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