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China positioning to overtake India as world outsourcing centre

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Breaking news from ihotdesk, the home of IT outsourcing in London:

Indian IT outsourcing leaders are predicting that China could overtake their country as the world's preferred destination for outsourced services in the coming years.

Category Outsourcing
17 March 2008
 
Indian IT outsourcing leaders are predicting that China could overtake their country as the world's preferred destination for outsourced services in the coming years.

While India currently has 44 per cent of the global outsourcing market, the Chinese industry's 34 per cent rate of annual growth positions it to leap in front, warned the vice president of the National Association of Software and Service Companies (NASSCOM).

Speaking at a conference in Wuxi on Saturday as the head of a delegation from the Indian IT sector, Rajdeep Sahrawat suggested that China's industry is around ten years behind that of India, but its phenomenal growth rate could lead it to catch up much more quickly than that figure suggests.

Less than an hour away from Shanghai, Wuxi is rapidly emerging as China's answer to Silicon Valley.

Last week, Microsoft signed a contract with the local authorities to help build a training centre for new IT professionals in the city.


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