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Creating Ripples

ST Team
Monday, September 3, 2007
ST Team
China cannot outdo India on outsourcing: NASSCOM
Even though China is making fast strides in the global outsourcing business, India will still remain the most preferred destination, says a major Indian lobby for the services sector.

China’s educated workforce is growing rapidly and its government is supporting the growth of the outsourcing sector by providing incentives and fiscal support. But it is unlikely to catch India’s lead in global outsourcing operations for the next 3-5 years as currently the IT software and services sector accounts for a just 0.5 percent of the country’s gross domestic product, says the Nasscom.

“India needs to maintain this position in the years to come. This will require a favourable policy and tax environment, a huge thrust in education and human resources and vastly better infrastructure,” said Nasscom president Kiran Karnik.

Beijing, in its aggressive effort to boost the industry, has initiated as much as 10 million programmes with which it is aiming to promote 11 cities as key bases for undertaking offshore services. The Chinese government, under its ministry of commerce, has also created a specific fund for providing specialized training to some 400,000 university students over the next five years, the report said.

“Each month we host delegations from China which seek to learn from India. India too must learn from China’s experiences,” Karnik said.

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