What do the parent MNCs are thinking when it comes to their captives in India – fluctuating currency or belt tightening or efficiency issues?
There is a striking clarity on the trend when you compare the below stark numbers produced by Zinnov :
2007 : Only 15 overseas tech firms opened India development units
2006 : 48 managed to do it
2005 : 70 firms opened shops in India
2004 : 76 firms had their captive centres established in India.
We need to wait and see whether this trend has any bearing with the fact that the demand for services by independent, thirdparty service providers like Aspire Systems expand at a rapid pace.
Zinnov research had covered 594 foreign firms that have set up captive or offshore development centres or ODCs in India. These include 390 software product development firms, 120 engaged in engineering services and 84 embedded service companies.
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.