As Indian IT companies continue to move up the value chain, they are realising that it’s no longer sufficient to have just a large India presence.
To compete with technology behemoths such as IBM and Accenture, Indian vendors are now rapidly expanding their overseas hiring. “We don’t want to be seen as an Indian company out to take away local jobs.
|Indian IT firms on a global hiring spree|
Global hiring strategy
|TCS||Non-Indian employees to grow from 5 to 10 per cent in 2 years|
|Wipro||Increase non-Indian hiring from 3 to 10 per cent by 2010|
|Infosys||China presence to double; hiring growth also in Latin America|
|Satyam||Focus on growing Chinese operations to get more business from that country and act as offshore location for Japan|
Virender Aggarwal, Director and Senior Vice President, Satyam Computer Services, says over 40 per cent of its Australian Development Centre comprises locals.
Already, TCS is the largest IT company in Latin America with around 5,000 employees and is expected to take this to at least 10,000 within two years.
Others, however, point out that expanding overseas has a downside for Indian IT companies. “They need to be prepared for higher costs and lower margins,” warns Sid Pai, Partner at TPI, a global sourcing advisory.
But that’s a small price to pay to blunt the backlash against outsourcing.