Financial Daily from THE HINDU group of publications
Friday, Jun 13, 2003
Financial Daily from THE HINDU group of publications Friday, Jun 13, 2003 |
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Opinion
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Letters Outsourcing threats
This is with reference to "No threat as of now to outsourcing" (Business Line, June 12). Though the Communications Minister, Mr Arun Shourie, hopes that there is no immediate threat to the Indian IT sector on the curbs imposed by the US and other countries, India may experience a slowdown in the sector in the coming years. Many Indian IT companies currently depend on outsourcing activities from abroad. The observation that foreign companies may become uncompetitive in the absence of outsourcing to India need not be construed as a safe cushion. Indian companies cannot depend on foreign entities forever. The large untapped areas in the domestic field should attract the concentration of Indian companies. The forthcoming changes in the international arena coupled with domestic compulsions may bring many such decisions, which may have adverse effects on India. The leading IT players in India should give a serious thought to this aspect and work overnight for tiding over any such problems, rather than contentiously sitting happy with the present foreign assignments. C. P. Velayudhan Nair Kochi
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