Wells Fargo starts its operations in India

webgeek

Wells Fargo - a leading bank in the US started its back end operations in India. The coming of the bank to Andhra pradesh to start its backoffice operations is giving boost to the confidence of the Indian BPO industry
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Sir · Posted: Thu Mar 29, 2007 10:19 am Post subject: Vizag Ahead!

Move over, China - the best markets for outsourcing are all major metropolitan areas in India.
Alsbridge Names Next Top 10 Indian Cities for the Future of IT Outsourcing.

DALLAS, March 28 /PRNewswire/ -- Alsbridge, the award winning outsourcing, offshoring and shared services advisory firm, announced today that its internal research shows India has more growth potential than just the usual top picks -- Bangalore, Delhi and Mumbai. The cities that have
the most potential to be the next big outsourcing hotspots for major corporations worldwide include: Ahmedabad, Chennai, Hyderabad, Kochi, Kolkata, Mangalore, Nagpur, Pune, Thiruvananthapuram and Visakhapatnam.
These cities were chosen based on several factors including population, accessibility, education of the workforce and existing companies who have businesses in these cities.

(A more detailed report on each city, along with commentary including accessibility, educational institutions and existing outsourcing companies may be viewed at:
[url]http://www.outsourcingleadership.com/nexttop10indiancities.jpg.)[/url]

"When most people think of India, they think of just one or two big cities like Bangalore or mumbai," said Ben Trowbridge, Alsbridge CEO.
"However, the reality is that India is a very big and complex country with many cities that would be large enough to support an NFL franchise if they were in the U.S. Even beyond the next tiers that are commonly mentioned -- Hyderabad, Chennai and Pune -- the country has a lot of other major urban
areas that have just as much, if not more, to offer as outsourcing locations."
Alsbridge believes that in the next few years, providers will consolidate and move even more of their labor to India. A report released by the company last week says the operating margins of U.S. providers have hovered around 6 percent over the last decade, whereas outsourcing providers in India are able to achieve operating margins up to 40 percent.
Providers in India are also able to provide similar services as much as 25 percent cheaper than in the U.S.
"Some people have speculated that the future of outsourcing lies in China, but there are many challenges to be faced with this," said Trowbridge. "American corporations looking to outsource in China face many obstacles such as language barriers, intellectual property and other legal
issues. India doesn't share these concerns. We believe that many companies that want to stay competitive will be focusing their outsourcing operations in one of these top cities in India, and they'll be very successful in doing so.
"About Alsbridge: Alsbridge is the award winning global advisory firm, providing unbiased advice and assistance on outsourcing, shared services and offshoring. Alsbridge consultants bring extensive vertical industry expertise and a practical knowledge of all areas within information technology and business process outsourcing. The firm's proven methodology incorporates proprietary collaborative sessions, bringing together executive teams from both the
client and the provider in an environment that fosters collaboration. Alsbridge supports its recommendations and assistance through significant investments in proprietary benchmarking and ongoing research within the industry. For more information, visit http://www.alsbridge.com
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whatever123 · Telugu Puli Joined: 30 Nov 2006 Posts: 669

The absence of coimbatore from that list is surprising.

Human · Telugu Teja Joined: 19 Jul 2006 Posts: 364

Vizag and Kochi emerging IT hubs of South.

India has more outsourcing growth potential, not just in existing BPO hotspots like Bangalore, Delhi and Mumbai, but at lesser-known cities, such as Kochi and Vizag, according to a research finding. Alsbridge, the outsourcing experts, announced on Thursday that its internal research shows India has more growth potential than just the usual top picks – Bangalore, Chennai, Delhi and Mumbai.

Move over the existing hotspots, lesser-known Indian cities, such as Kochi and Vizag, have the most potential to be the next big outsourcing hotspots for major international corporations. International companies can now start thinking beyond the three big cities and look at the top 10 up-and-coming cities of Ahmedabad, Chennai, Kochi, Kolkata, Nagpur, Pune, Thiruvananthapuram and Vizag. The Dallas-based firm, Alsbridge, ranks Ahmedabad as India's most attractive upstart. It's home to Gujarat University, and the local government is supporting widespread infrastructure improvements. Hewlett-Packard and Oracle are among the Western companies that have already discovered the place. These cities were chosen based on several factors including population, accessibility, education of the workforce and existing companies who have businesses in these cities.

"When most people think of India, they think of just one or two big cities like Bangalore or Mumbai," as quoted by PTI, Alsbridge CEO Ben Trowbridge said. However, the reality is that India is a very big and complex country with many cities that would be large enough to support an NFL franchise if they were in the US even beyond the next tiers that are commonly mentioned. Alsbridge believes that in the next few years, providers will consolidate and move even more of their labour to India. A report released by the company last week says the operating margins of US providers have hovered around 6 per cent over the last decade, whereas outsourcing providers in India are able to achieve operating margins up to 40 per cent.

Providers in India are also able to provide similar services as much as 25 per cent cheaper than in the US. "Some people have speculated that the future of outsourcing lies in China, but there are many challenges to be faced with this," Trowbridge said. American corporations looking to outsource in China face many obstacles such as language barriers, intellectual property and other legal issues.