It was inevitable... the two most growing economies in the world, India & China, after conquring the west are now starting to take on each other head on, especially in Information Technology & Outsourcing... New York Times has come up with a brilliant report, in which Infosys is taken as an example.
Infosys recently announced plans to invest $65 million to expand its business in China. Infosys plans to hire 2,000 computer specialists over the next two years and to construct corporate campuses in Shanghai and Hangzhou to accommodate even more workers. Infosys has not previously made an investment in China of that size and scope and, experts say, it presages similar moves by other Indian technology companies.
Infosys's plans to expand in China have been mirrored by those of several other big Indian companies that also specialize in computer services and outsourcing, like Tata Consulting, Wipro and Satyam Computer Services. This year, Satyam announced its plans to build a major campus in Beijing. Another Indian company, NIIT, has recently expanded in China, creating more than 125 centers around the country where it teaches programming and other computing skills.
Goods manufactured in China have become ubiquitous in the Indian marketplace, bringing down the prices of many products and forcing some Indian producers out of business. The future of the economic relationship of the two nations will depend in part on the openness of the Chinese.
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