50 pc of Fortune 500 cos to have MNC centre in India by 2015

[Rangila]

'50 pc of Fortune 500 cos to have MNC centre in India by 2015' - The Economic Times


NEW DELHI: India is expected to strengthen its status as the most preferred offshore destination of the world with half of the Fortune 500 companies likely to have their outsourcing centres in India in the next two years, according to a study by market research firm Zinnov.

According to a Zinnov whitepaper on the next wave of growth for MNC centres in India, India is home to about 200 wholly owned IT / ITeS centres of Multi-National Companies (MNCs), making it the most preferred offshore destination as against 120 other offshoring locations across the globe.

The Fortune 500 list captures the top 500 US companies by gross revenue.

The report further said currently India is the IT/ITeS hub for about 125 of the Fortune 500 companies and by 2015 it is estimated that close to 50 per cent of the Fortune 500 companies will have their centres in India.

"It is interesting to note that the reason for setting up new centres is far more strategic in nature than the tactical reasons of cost arbitrage and scalability," Zinnov Manager - Consulting Sundararaman Viswanathan said.

The opportunity arising out of portfolio rationalisation in these MNC centres is expected to be USD 1 billion for the Indian service providers, Zinnov said.

The paper further said that there has been resurgence over the last two years with about 10 new IT / ITeS centres of large MNCs getting established in India in 2011 and 2012.

Companies from US continue to lead in globalisation followed by European majors. Among Indian cities, Bangalore garnered the lion's share in terms of new center set ups.

A sector wise analysis shows that banking and financial services companies leverage India the most for their IT and ITeS operations, followed by healthcare and life sciences.

Meanwhile, some of the large corporations, traditionally known for outsourcing multi-year multi-million dollar contracts are also setting up their centres in India. Allstate recently set up its own center in Bangalore and so did Wal-Mart, British Telecom, FICO, State Street etc.

 

[neehar]

sweet............
but lets wait till it happens

 

[asad71]

1. Attractions: cheap labor and graft-ridden / manageable political leaders / bureaucrats.

2. India's ****** rich will become more ****** in the process. However, the poor who cannot become poorer, will increase many-fold in numbers.

 

[sankranti]

along expected lines

 

[Ki[[er1]

2. India's ****** rich will become more ****** in the process. However, the poor who cannot become poorer, will increase many-fold in numbers.

Buddy, How are you assuming that rich will be more rich and poor will remain poor? Indeed some rich person will be benfitted but many poor people will also get job.They are outsoucing job and that job Indian will do. If you are going to give interview then they are not asking how much money do you have in your account. Did they ask? they ask how much you know.

 

[kam22]

1. Attractions: cheap labor and graft-ridden / manageable political leaders / bureaucrats.

2. India's ****** rich will become more ****** in the process. However, the poor who cannot become poorer, will increase many-fold in numbers.

thank for your unneeded concern
Your valuable input will b better served if u use it for your own country and its betterment

 

[neehar]

1. Attractions: cheap labor and graft-ridden / manageable political leaders / bureaucrats.

2. India's ****** rich will become more ****** in the process. However, the poor who cannot become poorer, will increase many-fold in numbers.

if u talk about inequalities..india has the least gini index in its range..even china and u.s has high gini index..so we're better off

 

[Azazel]

1. Attractions: cheap labor and graft-ridden / manageable political leaders / bureaucrats.

2. India's ****** rich will become more ****** in the process. However, the poor who cannot become poorer, will increase many-fold in numbers.

What is that smell,Is it your burning a$$??

 

[asad71]

Buddy, How are you assuming that rich will be more rich and poor will remain poor? Indeed some rich person will be benfitted but many poor people will also get job.They are outsoucing job and that job Indian will do. If you are going to give interview then they are not asking how much money do you have in your account. Did they ask? they ask how much you know.

That's the law of economics. That's why poverty has increased in India after it gave up Nehru's socialism and appointed WB/IMF appointee MMS as Finance Minister.

if u talk about inequalities..india has the least gini index in its range..even china and u.s has high gini index..so we're better off

Why don't you climb Ambani's 27 storied residence and look down at the slums. You will understand what I am talking about.

 

[Capt.Popeye]

That's the law of economics. That's why poverty has increased in India after it gave up Nehru's socialism and appointed WB/IMF appointee MMS as Finance Minister.

LOLL, you seem not to know any Economics, just as you are singularly clueless about History.
There was less poverty in "socialist" India??

 

[ExtraOdinary]

That's the law of economics. That's why poverty has increased in India after it gave up Nehru's socialism and appointed WB/IMF appointee MMS as Finance Minister.



Why don't you climb Ambani's 27 storied residence and look down at the slums. You will understand what I am talking about.

Always amuses me when BDeshis talk about slums . Btw how are your pole vaulting lessons going these days?

 

[Matrixx]

That's the law of economics. That's why poverty has increased in India after it gave up Nehru's socialism and appointed WB/IMF appointee MMS as Finance Minister.



Why don't you climb Ambani's 27 storied residence and look down at the slums. You will understand what I am talking about.

How many times you come to India... legally or illegally

 

[asad71]

Always amuses me when BDeshis talk about slums . Btw how are your pole vaulting lessons going these days?

Nobody is pole-vaulting into the largest open ****-house on earth - even if there were Sevadasis and Dropodis on offer.

 

[notsuperstitious]

Senile old fool is good comic relief, although he brings his guttermouth from BD section where all guttermouths with their hindu bashing belong under able supervison.

 

[ExtraOdinary]

Nobody is pole-vaulting into the largest open ****-house on earth - even if there were Sevadasis and Dropodis on offer.

You do realise the final destination of our ****? Being the lower riparian state. Does the water taste funny these days?