China can be BPO hub by 2007: Report
PTI[ SUNDAY, AUGUST 24, 2003 11:26:45 AM ]
NEW DELHI: In a possible threat to India's prowess in the infotech field, China is fast rising as a service outsourcing hub and could catch up with India by 2007, according to Business Week.
"Gartner Inc predicts by 2007, China will pull in $27 billion for IT services, including call centres and back-office work, matching India," it said in its recent issue.
ConnectITChina, a Shanghai-based consultancy has estimated that China's software outsourcing revenue would more than double to $5 billion by 2005.
China is joining English-speaking countries like India and Philippines as key destination for outsourced service jobs, Business Week said.
"So far China is focussed on providing back-office support for financial service, telecom software and retail companies in neighbouring Asian countries where operators can easily talk in Japanese and Korean languages. But it is making inroads as an outsource base for English speaking nations," it said.
China's low cost talent is another edge, it said, adding although India was a powerhouse in high-end IT services, late comers these days must pay higher wages for experienced engineers.
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