Monday, December 27, 2004 Infotech 'India emerging hub for product development'
SUDHIR CHOWDHARY NEW DELHI, December 23 The Indian product development market, though still in its nascent stage (a mere 0.2% share of the worldwide $180 billion market in 2002 and 0.3% in 2003), is undergoing a quiet change. From being a cost reduction destination, India is slowly but steadily emerging as a thriving centre for innovative ideas and new product development, A National Association of Software and Service Companies (Nasscom) report said. According to the report titled ‘Offshore Product Development,’ the Indian product development market is estimated to grow to $8-11 billion by 2008. Global sourcing of product development will no longer be an optional strategy by 2007-08. With offshore outsourcing being accepted as a key strategy to stay competitive in the globalised economy, the production cycle for technology-centred products will require global resources and global delivery, the report said. The main driver for the emergence of the offshore product development segment has been the enormous pressure on product companies for faster-time-to-market, coupled with the need to introduce new products and new technologies in newer markets, the study said. “Thereby, companies are realising that the best option is to outsource it to the specialists. The economies of open source software will force companies to pare down development costs further, and in the process, increase the offshore component,” it said. Another source of impetus for India’s product development market comes from US-based venture capitalist firms, the study said. These firms are encouraging their clients to use, or at least investigate offshore facilities in India, and other countries such as China. India’s lower costs (it generally costs around $2 million to develop a modest software product in India, as against $5 million in the US), means that venture capitalists are not risking as much money on a given start-up. URL: http://www.financialexpress.com/latest_full_story.php?content_id=77713 ------------------------ Yahoo! Groups Sponsor --------------------~--> Make a clean sweep of pop-up ads. Yahoo! Companion Toolbar. Now with Pop-Up Blocker. Get it for free! http://us.click.yahoo.com/L5YrjA/eSIIAA/yQLSAA/BRUplB/TM --------------------------------------------------------------------~-> *************************************************************************** Berdikusi dg Santun & Elegan, dg Semangat Persahabatan. Menuju Indonesia yg Lebih Baik, in Commonality & Shared Destiny. www.ppi-india.uni.cc *************************************************************************** __________________________________________________________________________ Mohon Perhatian: 1. Harap tdk. memposting/reply yg menyinggung SARA (kecuali sbg otokritik) 2. Pesan yg akan direply harap dihapus, kecuali yg akan dikomentari. 3. Lihat arsip sebelumnya, www.ppi-india.da.ru; 4. Forum IT PPI-India: http://www.ppiindia.shyper.com/itforum/ 5. Satu email perhari: [EMAIL PROTECTED] 6. No-email/web only: [EMAIL PROTECTED] 7. kembali menerima email: [EMAIL PROTECTED] Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/ppiindia/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
