- Quality services to enhance the business.
- Access to the skilled and highly experienced professionals.
- Cost advantage on business operations and capital investment.
- Profitable business conditions to make considerable growth.
- Cheap labor cost without negotiating the quality.
- On-time delivery of services.
Is India a Global Business Process Outsourcing Hub?
December 19, 2015
India has made rapid strides in the business process outsourcing (BPO) industry. The competitive nature of global market has prompted business entities to reduce operational cost through outsourcing non-core business functions. Business process outsourcing is a viable option to obtain profitable business atmosphere. There are mainly three reasons to outsource business processes: cost advantage, profit maximization and process efficiency. Business Process Outsourcing BPO is the process of contracting a business task to a third party service provider. The popular marketing terms of BPO include offshore outsourcing, nearshore outsourcing, right sourcing and global outsourcing. Outsourcing service providers can deliver quality BPO services to any other business firms. BPOs use specialized persons and highly advanced technologies to carry out a particular business process. It helps them to provide high-end services at minimal cost without compromising its quality. Indian BPO Market The Indian BPO industry has developed within a short span of time. The economic liberalization of 1991 paved the way for new business opportunities in India. The investor friendly tax structure also prompted the BPO industry in India. Global business firms are targeting India as a key provider of outsourcing solutions. Outsourcing to India enables you effectively manage the business challenges to achieve considerable growth. The main services outsourced to India include data entry and data processing services, data conversion services, call center outsourcing services, payroll-processing services, document processing, financial services, etc.. The main attraction of Indian BPO industry is cheap labor cost and the availability of skilled and specialized professionals. In India, BPO industry is credited with high talented professionals to provide greater value to the global business market. The outsourcing industry in India is a vibrant sector and it can contribute a significant amount of revenue to the Indian economy. Recently, lots of companies have started to outsource their business processes to India in order to prevail them with quality services. Indian BPO industry is the main hub of offshore outsourcing services. Offshore outsourcing allows India to provide outsourcing services to the countries across the world. Offshore outsourcing to India enables the countries like USA and UK to keep their leading positions in the global market place. The Indian BPO industry offers: