China pledges more funds for outsourcing industry

December 28th, 2008 NEW DELHI - Third party logistics outsourcing business in India will grow to $90 million from the present $58 million by 2012, according to a study released Monday. Presently around 55 percent of Indian companies are outsourcing logistic services like supply chain management and warehousing, said the study by the Associated Chamber of commerce and Industry (Assocham).

March 4th, 2009 WASHINGTON - A downturn in worldwide economy, Satyam's fraud case and the terrorist attacks in Mumbai and supply chain and shipping cost issues in China are causing US technology companies to pull back from the two traditional outsourcing locations. Citing these three global factors, an annual survey by BDO Seidman, LLP, one of America's leading accounting and consulting organizations, Tuesday suggested several technology firms would choose US as future outsourcing location over India and China.

July 29th, 2009 NEW DELHI - India's information technology and outsourcing industry is expected to grow over 7 percent this fiscal to log revenues of $64 billion with much faster expansion within the domestic market, a leading industry group said Wednesday. The National Association of Software and Service Companies (Nasscom) has forecast in its latest study that the software and outsourcing industry will log an export growth of 4-7 percent this fiscal to log $48-50 billion in revenues.

February 2nd, 2009 WASHINGTON - China is unlikely to overtake India in outsourcing business anytime soon and it would take not one country but a lot of small ones to knock it off the top, according to a US expert. 'China is pretty far behind India and even places like the Philippines and Eastern Europe.

March 25th, 2009 THIRUVANANTHAPURAM - An eight-member delegation from China's Shenyang city Wednesday visited the information technology campus Technopark here to pick up tips on software outsourcing. The officials from the Shenyang Information Industry Bureau (SIIB) said they would study Kerala's software outsourcing services to set up similar parks back home.

February 22nd, 2009 KOLKATA - India can rightly be called the back office of the world for its achievements in Information Technology (IT) and IT-enabled services, Chinese Consul General in Kolkata Mao Siwei said Sunday. 'Now China is called the 'factory of the world,' while India the 'back office of the world'.

January 7th, 2009 CHANDIGARH - The PHD Chamber of Commerce and Industry, a leading business and industry lobby in north India, Thursday asked the central government not to offer any bailout package for IT bellwether Satyam Computer, which has admitted to an accounting fraud amounting to about Rs.70 billion (Rs.7,000 crore). 'There should be no bailing out of individual frauds like this.

May 5th, 2009 NEW DELHI - India Inc believes the move by the Barack Obama administration to reduce tax breaks for US firms that ship jobs overseas will hit American companies more than impact on the Indian outsourcing industry. 'It's a more US-US issue rather than one aimed at stopping outsourcing, or off-shoring, or anything to do with India,' said Som Mittal, president of the National Association of Software and Service Companies (Nasscom), a representative boddy for the industry.

September 27th, 2009 NEW DELHI - The third party logistics (3PL) business in India is likely to reach $90 million by 2012 from $58 million now, as the model is fast catching up among the country's businessmen due to its cost advantage, an industry lobby report says. "Currently 3PL outsourcing among Indian companies is estimated at $58 million as 55 percent of them are outsourcing services like supply chain management and warehousing," the Associated Chambers of Commerce and Industry of India (Assocham) said in a paper.

July 2nd, 2009 PC makers voluntarily supply Web filter in ChinaBEIJING — Several PC makers were including controversial Internet-filtering software with computers shipped in China on Thursday despite a government decision to postpone its plan to make such a step mandatory. Beijing's decision this week to delay the requirement that the filtering software — known as Green Dam — be pre-installed or supplied on disk with all computers sold in China averted a possible trade clash with the United States and Europe.

August 17th, 2009 Dell developing smart phone for China MobileROUND ROCK, Texas — PC maker Dell Inc. is working on a smart phone for China Mobile Ltd., China's biggest cell phone carrier.

May 5th, 2009 BANGALORE - US President Barack Obama's announcement to end tax sops to those US firms outsourcing jobs to countries like India has come under flak from Phil Harkins, a leading US management expert and chief executive of Linkage Inc, a global firm specialising in leadership development 'What Obama is doing is just politics. It's the arrogance of the US to think creating jobs overseas will result in job losses back home.

February 3rd, 2009 NEW DELHI - The Indian software and services industry is expected to grow 16 percent this fiscal and log revenues of $60 billion despite the global slowdown, a top lobby for the industry said Wednesday. The National Association of Software and Service Companies (Nasscom) said together with the business process outsourcing (BPO) sector, the revenues are expected to top $71.7 billion with a growth of 17 percent.

September 24th, 2009 THIRUVANANTHAPURAM - City-based information technology park Technopark has signed a cooperation agreement with China's Dalian Hi-tech Zone, it was announced here Thursday. Dalian Hi-tech is a mixed industry zone in China's Dalian city, where pharmaceutical and IT services majors have units.

June 16th, 2009 BEIJING - Customers purchasing computers in China will have the option of buying or not buying government-sponsored porn-filtering software, an official has said. The China Daily quoted the Ministry of Industry and Information Technology (MIIT)official as saying: "PC makers are only required to save the setup files of the program in the hard drives of the computers, or provide CD-ROMs containing the program with their PC packages." The users have the final say on the installation of the Green Dam-Youth Escort, so it is misleading to say the government compels PC users to use the software, the official clarified.