Publishing outsourcing to India to touch $1.1B by 2010
By agencies | Monday, 19 September 2005, 07:00 Hrs | 3 Comments
NEW DELHI: After the outsourcing of technology and BPO jobs, the next big offshoring business in India will be in the publishing vertical. A new report says Indian publishing outsourcing will be a $1.1 billion business by 2010. According to the report by the Pune based ValueNotes Database Pvt. Ltd. the opportunity to use India as editorial and publishing base will only increase in the coming days as publishing firms realize it adds value to them to outsource these works as India has a rich technical pool of science, technical and business graduates who can do the same work more efficiently and at a much lower cost. Companies first realized Indias potential as an editorial and publishing destination when the multination publisher Macmillan began its offshoring unit in India way back in 1977. The recent endorsement came when German publisher Springer said it would double its publishing business in India as India staff is very creative and its also works out cheaper. Besides Springer, other publishers outsouring to Indian are Elsevier, Taylor and Francis,and Kluwer. ValueNotes also said besides talent and low cost, factors favoring India is the massive domestic English publishing industry which has a history that dates back to the British era, workers trained in English language and publishing, and the success stories of early pioneers such as Macmillan. It said "The vendor landscape in India presents a rather fragmented picture with over 50 players, offering a range of publishing outsourcing services. While smaller players predominantly offer data conversion/digitisation services, larger players offer the entire range including design, content development, data conversion and even turnkey project management services to their clients."