India emerges top outsourcing location in Asia-Pacific
Wednesday, 06 December 2006, 18:30 IST
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Singapore: India has emerged as the most popular outsourcing destination in the Asia-Pacific region followed by China and Singapore, according to a study by an accountancy firm released. Carried out by global consultancy firm KPMG and the Economist Intelligence Unit, the findings were based on inputs from 305 senior executives in addition to interviews with outsourcing firms and their service providers. A hefty 55 percent of those queried outsourced their business to India while 36 percent named China and 20 percent chose Singapore. Hong Kong emerged as the choice of 16 percent, Malaysia of nine percent and the Philippines of seven percent. The survey found information-technology functions to be the main activity that companies outsourced. Other functions outsourced included debt collection, tax processing and supply-chain management. The results also showed that firms in lower-cost countries, such as China and India, were beginning to outsource some of their business functions as well. In its report, KPMG said there were still areas that respondents indicated no plans of outsourcing, including strategic planning, sales and marketing.
Source: IANS
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