Software: Made in India

WSJ writes about Indian companies looking beyond outsourcing:

Their rise is because of a convergence of factors: With the U.S. cutting back on issuing and extending work visas for Indian professionals, many have returned to India equipped with the expertise to develop their own software. Meanwhile, a protectionist backlash against outsourcing is gaining momentum in the U.S. and Europe, and competition remains fierce in the offshore IT-services market. Indian concerns have cornered 60% of that market, valued at $16 billion a year. But with rivals slashing costs and margins in services shrinking, companies are realizing that the high-margin-products business, where Indian enterprises have tapped only 0.2% of a $180 billion global market, is the way to go.

I hope in a year’s time Netcore will also be considered in the same league as the companies mentioned in the article: iCode, i-flex, Subex and Talisma.

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Rajesh Jain

An Entrepreneur based in Mumbai, India.