Why outsourcing is key for IT companies in India
In an interview with the Financial Express, Rahul Singh, co-founder of Cloudflare, a technology company, explained that in order to survive, the IT industry needs to have the ability to switch from one manufacturing process to another.
The technology sector is in dire need of outsourcing, said Singh.
“We are in the process of making the IT service industry viable, and this is a major opportunity for us,” he said.
Singh, a founder of CloudFlare, said the company’s current service offerings have a few advantages, including the fact that it does not need to pay for a contract, which makes it attractive to smaller companies.
“The service industry needs better competition and cheaper rates, and in a country like India, we do not have a lot of these,” he told the FT.
The IT sector is one of the fastest growing sectors in the world.
It is the fastest-growing, but it also accounts for less than 0.3% of the GDP, according to the World Bank.
“The market for IT services is going to continue to grow.
The challenge for the IT services industry is to compete with the rest of the world in terms of technology, the number of people that can use these services, and the number that can get these services,” said Singh, who is also the founder and CEO of Relay for India.
The fact that outsourcing is not an option for most IT services companies has prompted the Indian government to set up a special task force to look into the future of the country’s IT services sector.
The Indian government is also pushing for greater automation, particularly for remote work.
The Indian government recently made it easier for companies to get their employees to work from abroad.
But for smaller and medium-sized companies, the cost of outsourcing is much higher, and many of them do not feel able to take on these costs.
“I don’t think we will be able to compete [with foreign competitors] in the next five years,” said Vishal Shah, CEO of a small software company in Mumbai.