Immelt was in Mumbai recently, during which visit he addressed the US-India Business and Entrepreneurship Summit. “You guys are not living up to your side of the bargain,” Immelt told the room full of India’s top executives. “There is a trillion dollars of infrastructure investment in India and it’s not happening.” Very easy for him…
Royal Philips Electronics, one of the world’s largest manufacturers of lamps and healthcare equipment, has announced that it intends to bring down its operating costs by up to 30% over the next two years. Its strategy is to reduce the number of IT suppliers from around hundred to nearly 10. It will also be outsourcing…
A recent study by Gartner, an IT research and advisory firm predicts that more and more business process outsourcing (BPO) service providers in India will cease their operations because of the economic meltdown. At least 25% of the top service providers will find it difficult to sustain themselves and will not be an independent business…
Silicon.com has published an article on August 25th, 2009 on how Indian outsourcing workers are being stressed to their limits. Though it has been hailed as the key to India’s economic growth, the inside story of its the outsourcing industry is one of sheer drudgery, with punishing deadlines, long night shifts, irate customers a thousand…
A recent article in the 20th August print edition of the Economic Times, India, spoke about aircraft manufacturer Bombardier, the world’s third largest aircraft manufacturer with its headquarters at Montreal, Canada, looking at outsourcing to India. Bombardier is looking to lower its operational costs by ratcheting its outsourcing of design projects up. Bombardier has requested…
