Europe Outsourcing To India
Transcript of Europe Outsourcing To India
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Europe Outsourcing to India began following US profits
What has made India a major attraction for American and European countries as the best Offshore
Outsourcing destination is that India can quickly eliminate cultural differences between countries. Along
with this, India’s stability during recession also sent positive messages to the other parts of the world.
Pink slips were issued to so many employees as part of the retrenchment process but they got to other
jobs within a very short period of time.
In the meantime, cost reducing efforts on the part of Europe and America led the companies based in
these continents to outsource to India. Europe followed the Americans in reducing costs through
Outsourcing. India’s surplus labor can cater to any number of companies abroad. As their American
counterparts, European countries are also outsourcing a large number of software programming,
developing and web developing projects to India.
India is the Global leader in Offshore Outsourcing. India is ranked no.1, in the whole world, in skilled
software, IT and BPO employment generation. About 150 of the Fortune 500 Companies had already
outsourced to India even before the past five years. When Europe started Outsourcing to India, the
trend actually started with almost 50% of the companies in Europe outsourcing to India.
This happened because of the ability to cope with cultural diversity in both the European Union and the
Indian subcontinent. While India has several cultures within one country, Europe has so many languages
and cultures within their continent unlike the US. This is the reason why the Europeans can easily get
accustomed to communicating and working with different cultures.
With all barriers being nullified, India remains an attractive offshore outsourcing destination to Europe
as well.
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