Date Added: Oct 2009
In today's hyper competitive world, businesses have understood that the best way to stay competitive is to outsource multi business activities to firms in offshore locations. This concept was initiated way back in 90's, and has now become a trend as it take advantage of the power of information technology from far away locations to bring in economies of scale and cost competitive operations for executing and supporting a client's mission-critical projects. As the economy across the world is in a declining stage, cost reduction has become one of the top agendas of most enterprises. India has now emerged as one of the hub for IT outsourcing as the country offers the most skilled workforce with least cost involved in it.