India has now got an outsourcing competitor in the form of Chengdu. You must be wondering what is Chengdu? It is not any specific person but is the capital of Sichuan Province in China which is all geared up to excel in the field of outsourcing so that it can emerge as a leader in the areas of central and western China. It is looking to capture work from American, European and Japanese markets so that it can achieve revenues of $100-200 million per year and by 2010 cross the mark of $500 million. Up till now Chengdu was a manufacturing hub but now it is looking to diversify in the areas of outsourcing too.
What makes Chengdu an attractive destination for outsourcing is its vast pool of talented people and government support it enjoys. It is also an important educational and scientific research center and more than sixty thousand people are engaged in the software sector. MNCs are getting attracted to Chengdu and they are including it in their list of outsourcing investments.
With China looking to develop ten outsourcing base by 2010 India needs to look at it pretty seriously.
Via chinadaily
