Major part of Silicon Valley jobs moving to India:Survey

Major part of Silicon Valley jobs moving to India:Survey

By agencies   |   Friday, 30 September 2005, 07:00 Hrs
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SILICON VALLEY: In a major endorsement of IndiaÂ’s IT capability, a survey by the Santa Clara University today said about half of the jobs being outsourced by Silicon Valley companies are going to India.

The survey said about 53 percent of all Silicon Valley companies outsource a portion of all of their jobs and half of it is landing in India.

"India has an educated work force, and its people speak English, so it makes it an attractive place for outsourcing," said Mario Belotti, an economics professor at the university.

After India, China was the second most preferred Asian nation accounting for 8 percent of the outsourced jobs.

However the survey, that has been tracking outsourcing for three years, said outsourcing has slightly fallen over the past three years. While outsourcing remains a large component business operation in the Valley, manufacturing has seen a notable decline, Belotti said.

Belotti said the percentage of companies reporting "no outsourcing done in the last quarter" has increased in the manufacturing, from 51.1 per cent in 2003 to 60.7 percent in this year's survey.

"Much of this drop was in the semiconductor and electronics area," Belotti said.

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