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Today, the IT industry, especially the high tech sector, has become extremely competitive, leading to rapid product obsolescence and reduced profitability. The companies in this business sector need to constantly upgrade their products to stay ahead of the competition. But the limited resources available within a company are often insufficient to support the existing product line and at the same time keep pace with latest technological developments that are required to deliver the optimum solutions to the customers. To meet this challenge, more and more companies have started outsourcing their software development projects so that the company can focus its limited resources on its core competency areas.

India, with a huge bank of English speaking, Software Engineers available at relatively low cost, has become an obvious choice for outsourcing software development projects. More than half of the Fortune 500 companies have either set up their own software development centers in India or have tie ups with Indian firms for meeting their software requirements.

 

 

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