Costs are rising in India and realizing this Indian companies are looking for other low cost destinations in order to remain competitive. TCS which is one of India’s largest outsourcing companies has struck an outsourcing joint venture deal in China which also includes Microsoft as a minor partner.
The major stake is held by TCS followed by three Chinese companies. This joint venture will be addressing the needs of the Chinese domestic market and the global markets. Indian companies are entering China in order to not only service the domestic markets but also meet the requirements of neighboring markets such as Japan.
This step will not only benefit Indian companies but even the Chinese who also wants to lead in the software outsourcing market. Let’s see who emerges as a leader in this outsourcing race.
Via cio
