Outsourcing is an old concept but today it has evolved into a preferred business practice for managers to use as a bridge to get out of business problems, as a handy tool to focus on core issues and to enable businesses to register higher growth rates. Organizations all around the globe have willingly accepted outsourcing, and are allocating there in-house operations to several other organizations situated in all parts of the world. Offshore outsourcing to India is beneficial for companies around the globe.
Outsourcing is basically sharing or transfer of responsibility. It is about hiring someone else to get non-core functions done by them. Organizations either outsource a part of business process or, take help in the infrastructure management. The two partners need to be in-sync to work with each other. This would not only ensure huge reduction in costs, quality solutions could be delivered as well.
India is the ultimate destination for organizations. Offshore outsourcing to India is beneficial in terms of quality and cost. These are the two most important parameters that are drawing organizations towards India. According to reports, India would remain in the leading position in comparison to competing nations such as China, Ireland, Israel, & Philippines in the outsourcing arena. The level of excellence India has attained in this domain has not come overnight. Government policies, infrastructure, large number of people English speaking people have all played a pivotal role in India's success.
India's natural resources lie in its abundant technically skilled manpower. As per the statistics, India is the world's second largest exporter of software after the U.S. and is the source of management and technical talent for over 40 per cent of new start-ups in Silicon Valley. Credit goes to India's large English-speaking scientific and higher education institutions, specialist computer institutes, and low costs of software talent that India has become the preferred destination for outsourcing in the world.
By outsourcing, parent companies are able to cut costs, avail world-class expertise, offload the non-core and non-differentiating allied activities, focus on core functions, gain a competitive edge over your rivals, respond to the changing market equations, expand business, ward off risks, remove inefficiency, and speed up pace towards your long-term business goals.Some of the benefits of offshore outsourcing to India are: