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India tops the charts in outsourcing deals
By siliconindia
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Thursday, 09 August 2007, 19:30 IST
Bangalore: While the global outsourcing market saw a 25 percent decline in the emergence of new deals, India has emerged as the largest market for new outsourcing deals in the Asia Pacific region for the first half of 2007, reports the sourcing advisory firm, TPI.
India outsourced deals worth $1.68 billion, accounting for 30 per cent of the total deals emerging from the Asia Pacific region, outpacing traditional players such as Australia and Japan.
"Large outsourcing contracts by telecom companies such as Idea Cellular and Reliance, amounting to $1.3 billion to the total contract value of $1.7 billion, helped India to emerge as the largest market in the first half," said Siddharth Pai, Partner and MD, TPI India.
TPI's latest quarterly index indicates that Japan, with a share of 22.6 per cent of the total outsourcing deals in the APAC region valued at $1.24 billion, and Australia with a share of 20 per cent at $1.1 billion, followed India.