Press Release Summary = India is the next destination for Knowledge Process Outsourcing (KPO) business.
Press Release Body = India is emerging as the Mecca of global KPO outsourcing business, according to the latest survey carried by the leading IT outsourcing research firm.
Study reveals that IT-outsourcing particularly KPO is rapidly growing outsourcing business in India. KPO alone will have growth of 45% compared to BPO segment, which will be expected to grow at lesser pace with 25% annually.
What makes KPO business so hot in India? KPO is the intensive business process outsourcing that requires specialized domain-based expertise. According to KPOAsia.com, the fast upcoming outsourcing firm in India, "India enjoys the large pool of well-educated, English speaking young talented and smart workforce, who is ready for accepting new career challenges. They are career-oriented and wish to start with something new and thrashing profession like KPO."
The new 2006 KPO White Paper, based on the study by the independent research company, Asset Management is very encouraging for Indian KPO business. According to this White Paper report, \"India is by far the most attractive KPO destination, thanks to its competitive salaries which is 40 per cent less than that in the US; more than 70 million people with proficiency in English; and large and competent pool of quality professionals with nearly three million new graduates joining the work force every year.\"
Kelly Services said, \"India is expected to achieve a very high growth rate in all the technically advanced segments of the KPO Industry with data and market research along with R&D in medical/pharma constituting more than 50 per cent of KPO business in India. KPOs in India have the capability to compete on equal footing with the best in the world on process and technology.\"
"India will continue to be first choice for KPO inspite of facing competition from Russia, Czech Republic, Ireland, China and other far-east countries. Recruitment process does also play key role in this industry. Unlike BPO, where major consideration is on language, accent, data entry skill, and general aptitude towards work, recruitment in KPO demands more emphasis on personal I.Q. level, decision making capabilities, analytical skills, organizational behavior, command over verbal & written language, and ability to work under pressure," KPOAsia.com sources added.
The global knowledge process outsourcing industry (KPO) is estimated to reach US 17 billion by 2010 and major chunk of 70% will be outsourced to India alone. In addition, Indian KPO sector will witness robust growth of in employment. It will employ more that 250,000 compared to current employment of 25,000 employees.
Please do visit at http://www.kpoasia.com to know more about Indian KPO business.
Web Site = http://www.kpoasia.com
Contact Details = KPOAsia.com 69, Nariman Bhavan, Nariman Point. Mumbai - 400021 India Tel - 22021024
2022
