Friday, May 21, 2010

'Offshoring' has lost meaning says Nasscom

Business Standard reports neither companies in India nor their clients keen on using the word 'offshoring' given the politics associated with the word in the world market, according to software body Nasscom.

"The word offshoring has lost its meaning and is getting off the vocabulary of our members and customers. This is getting replaced by 'global sourcing' which is already happening; they want to get things done wherever it makes sense for them," Nasscom President Som Mittal told the media here today. Clients come to India not because of the cost arbitrage in terms of salary but to enjoy the 'resource arbitrage' in terms of getting quality manpower, he added.

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Source: Business Standard

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