IT outsourcing capital India is now re-exporting its services outside the nation, particularly into Egypt. The new phenomenon comes as high-tech spending by both governments and the private sector has exceeded US$1.7 trillion in 2007causing IT services’ demand to exceed the supply of qualified labor in the country’s human resources market, said Business Today Egypt.
India has been dominating international IT outsourcing with a 2/3 share of the industry as India-based companies have been seducing call centers and IT departments away from the West. However, despite local successes, India is now facing talent deficit, forcing Indian IT companies to buy companies in America, Europe and Asia to support their extended operations and cater to more than half of the globe’s high-tech needs.
According to a study by A.T. Kearney, a global management consulting firm, which looked at 50 countries, Egypt has been ranked the thirteenth most attractive destination to set up an offshore service. The study was based on the evaluation of three main factors: financial structure, availability of skilled workers and overall business environment.
“In search of good, quality manpower, we found that Egypt has a large population with a high number of graduates with good computer skills,” said Virender Aggarwal, Satyam’s director and senior vice president for Asia, the Middle East and Africa. “[Egypt] can also serve as a good market for Europe, Africa and the Middle East because of the multilingual capabilities of the Egyptians. Many Egyptians speak French as well as other languages, like German.”
Moreover, the Egyptian government hopes that to transform Egypt’s image in the international IT market and market the country as a popular destination for IT outsourcing.
» This story continues on page 2. Please click here to read
please sign in to rate this article
43000