Tuesday, December 8, 2009

Outsourcing from Belgium

Belgian Grand Prix is not the only race where Indian hopes are riding high. A worsening economic crisis is forcing companies such as AXA, Dexia Bank, Belgacom, drugmaker UCB and car insurer Allianz in Belgium explore IT offshoring and back-office projects, making it almost USD6.5-billion opportunity for Indian outsourcing vendors including TCS, Infosys and Wipro apart from MNC rivals.

According to Quantum Step, an outsourcing advisory firm, customers in Belgium will spend around USD1.8 billion on infrastructure management outsourcing, almost USD2.6 billion on application development and maintenance and nearly USD2 billion on BPO this year.

We have recently started discussions with some Indian suppliers for pure offshoring of our ERP maintenance "it would be fair to assume that until last year, we were not prepared for any such initiative", said an official at one of the biggest Belgian enterprises.



Posted by: Skyline College a premium MBA, BBA, Mass Communication and Travel & Tourism institute in Delhi and Gurgaon.

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