Wipro targetting Canada

When Indian outsourcing magnate Azim Premji flew into Calgary a short time ago, he liked what he saw: a vibrant oil and gas industry with a big appetite for information-technology services.

“Canada is turning out to be an important market for us; we plan to invest much more here than in the past,” said the chairman and controlling shareholder of Bangalore-based Wipro Ltd., with the air of a prospector who has rediscovered an overlooked mineral field. “I think broadly we neglected it.”

Source url : http://www.theglobeandmail.com/report-on-business/indias-it-outsourcing-giant-wipro-takes-aim-at-canada/article9744470/

Ban on Offshore outsourcing : US allays apprehensions

With the state of Ohio banning offshore outsourcing business recently, the US today sought to allay apprehensions here that the move will have any impact on Indian business, saying that the two nations would "get through this".

"Will that outsourcing issue have an impact on Indian business? I highly doubt it...This happened back in 2005 and it did not impact Infosys or Wipro or the major Indian industries. We will get through this time too," US Ambassador Timothy J Roemer told reporters here.

He was asked about the protectionist measures taken by some states while India and US have a good relation.

Roemer said that the relationship between India and US is "on the move, constantly improving and growing in very positive manner".

Source url : http://economictimes.indiatimes.com/tech/ites/Offshore-outsourcing-business-ban-US-allays-apprehensions/articleshow/6621695.cms

IT and business process outsourcing industry

There is a growth in IT and business process outsourcing industry, it’s all because of rock-bottom economy. We know that while companies are increasingly looking for outsourcing and offshore, are less interested in mega-and offers much more of their spending.

However, the value is the highest of the mind. Not only valuable in terms of cost, but as the benefits in business. So says new research report "The Cost of value" from consulting and tax advisory firm KPMG International. This report is based on the responses of CIO’s online survey sent in January, which was based on a firm's own technology agenda was launched in 2007 and updated in 2009. Specific research is to analyze the profile of the CIO and its relation to the priorities on its agenda.

The report states that now more than ever the value of IT is crucial to business success. In fact, the CIO asked the administration to give values which are defined as the ability to better respond to changing market conditions with the use of IT - the highest on their agenda for years to come. Eighty percent of respondents put it in the first three major trends. Beat the value of IT cost optimization (62 %), portfolio (52 %) and risk & compliance (56 %).