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Indian IT-Outsourcing sees Mixed Trends
By siliconindia
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Wednesday, 07 December 2011, 01:26 IST
2. Global In-House Centers
Global In-House centers (GIC) established ‘proof of concept’ and branded India as a global sourcing destination. Their impact on India extends beyond revenues and employment – playing a leading role in developing an R&D and product culture, spearheading initiatives to develop affordable products for emerging markets and creating entrepreneurship opportunities. GIC contribute to 22 percent of IT-BPO export revenues and 21 percent of employees. North America and Europe happen to be the largest investors in the captive space; together they contribute to more than 90 percent of the captives in India. The industry has significantly grown over the last 5 years and currently has representation from most of the verticals like Aerospace & Defense, Automotive, BFSI, Bio-Technology, Chemicals, Computer Hardware, Education, Electronic/Electrical Equipment, Energy, Healthcare, Industrial, Semiconductors, Software/Internet, and Telecommunications.
3. Total Contract Value
After a devastating Q2 of 2011, the IT services contract signing activity picked up slightly in the Q3. In this third quarter the total contract value was $27.3 million, which is 43 percent up from Q2 2011, but is 21 percent down on the third quarter of 2010. India made 416 deals in this third quarter of 2011, which is again 12 percent down from the same quarter of 2010. North America, after a terrible start in the beginning of the year, now has reached a total contract value of $3.1 billion, grabbed from the private sector, which is higher than the total generated in the first six months of the year. Europe too has hit total contract volume of $3 billion from the private sectors, with more than one-third of the total derived from the UK. These are the utmost important reasons why India has lost some of its TCVs.
