In the world have become as stark as black and white this past month, the differences in the current outsourcing clime among the different regions. The different events around the world have contributed to the current climate and while some may feel relief some are also feeling the pressure. The India Woes, in a move that currently has Indian outsourcing companies abuzz, the state of Ohio in the US has banned the offshoring of projects by the government departments. The governor banned the outsourcing of services paid with the state dollars which said that Ohio policy has been and must continue to be that public funds should not be spent on services provided offshore. The Indian personalities companies and publications meanwhile have expressed varying degrees of dismay over the move.
The Indian outsourcing trade body, the NASSCOM labeled the move as discriminatory and a trade barrier, commenting that the move would be counter productive to the US governments initiative to reduce public deficit. Even in the outsourcing company, Infosys has expressed their concern over the move. The company will be negatively impacted by the move. The border security law was passed in the US. The development comes just after a controversial legislation. The legislation increases the H-1B and L1 visa fees of which the Indian companies partake of a large portion. The could add up to $15 million in added costs for the companies such as Infosys who file about 7,000 to 8,000 visa applications and renewals.
In China Forges Ahead, Amid woes from the Indian outsourcing sector, China is speculating that India is becoming increasingly wary of the competition from the country. The Chinese outsourcing sector is bound to see the same curve the Indian industry had before they are in for incredible growth. In an effort to foster growth in the outsourcing industry. They will not be levying operating taxes on offshore service outsourcing business in 21 cities until 2013. The policy covers firms specializing in IT outsourcing business process outsourcing and knowledge process outsourcing. The initiative is expected to boost China’s already robust growth in the industry where the country enjoyed a 21 percent year on year increase to USD 23.6 billion in 2009.
The Philippines is Unfazed after the hostage crisis that happened, one of the primary concerns that the country had was whether the vent would jeopardized the country’s outsourcing business. The country’s growth prospects were not derailed by the incident. They were not derailed.
REFERENCE:
http://www.blog.infinit-o.com/current-global-state-outsourcing/
