Japan Proves To be a New Hope For Indian Outsourcing Companies
Posted on | July 17, 2009 | No Comments
India has always been a top destination for carrying on with the outsourcing work from the US and Europe. A lot of R&D work has been outsourced to India as it is cost effective and the standard of the work is also good. The IT industry has been getting 80 to 90 of its revenue from the offshore outsourcing work from these two major regions of the world. However, with the current economic slowdown, several IT outsourcing companies are looking at various other locations for growing their business and Japan seems to be very receptive country for the same. Nasscom has already made a move in this direction by developing trade relationship with Japan.
Japan has nearly 191 R&D spenders out of the 1000 global companies spending on offshore outsourcing. Some of the top companies such as TCS, Infosys, and Wipro have already made their start by establishing a presence in Japan. Japan had a close economy till now but now even the Japanese companies are looking for easy and cost effective solutions. Japan is already working in partnership with China but there are issues regarding the intellectual property and therefore, India happens to be another great option to outsource the work.
Generally the outsourcing from the Japanese companies includes industries related to electronic equipments and automotive companies. However, getting work from Japan has its own challenges to be overcome. First and foremost barrier is the language. Since the work to be done would be highly localized it can pose a lot of problems. Secondly the cultural difference is also a matter of concern. However, if India wishes to make it through the Japanese market then it really needs to pick up a pace as China is already ruling in the outsourcing work of Japan.
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