Pearl Harbor for Indian IT firms: The Chinese Are Coming
It is common knowledge that the Chinese are outstandingly successful in anything they set their minds to. Indian IT firms take note: the Chinese have now decided to become leaders in providing IT services.
An informative report in PCWorld makes one realize that Chinese IT firms are perfectly mimicking Indian IT powerhouses today in order to decimate those powerhouses tomorrow.
- The Chinese are shoring up revenues from domestic customers (to the level of 45% of total revenue)
- They are taking the best practices learned from international customers (like GE) and using them for other customers
- They have decided to move towards developing enterprise product solutions
- They are expanding their nearshore offices in Europe and the US
The buzz in India is that the Chinese will overrun India’s software export business in around five years. Hopefully by that time Indian IT firms would have moved further up the value chain to a place of temporary safety.
![lucky2[1]](https://themagnumgroup.net/Blog/wp-content/uploads/2011/08/lucky21.gif "lucky2[1]")
Technorati Tags: outsource to india,CAD services,drafting services,IT outsourcing
