A paradigm shift

The Hindu
AFTER having established their credentials in developing software applications primarily to enhance back-offices of organisations across the globe, Indian software companies are now all revved up to embrace the development of customer-facing software products and are growing significantly in the outsourced product development (OPD) space, thus bringing forth a paradigm shift in outsourcing. Seen as an indicator of the maturity of the outsourcing business in India, the Indian OPD market is expected to grow to $11 billion by 2008 (Nasscom-McKinsey report). While major players like Oracle, Microsoft and Sun Microsystems have product development centres in India, venture capitalists are investing significantly in smaller players. more...