Released on = January 6, 2006, 2:06 am

Press Release Author = Jim

Industry = Software

Press Release Summary = India has quickly became the benchmark for offshore software
development. Every year, national association of software service companies
(Nasscom) hosts a conference in UK.

Press Release Body = India has quickly became the benchmark for offshore software
development. Every year, national association of software service companies
(Nasscom) hosts a conference in UK. Motive of this conference is to bring more UK
organizations to outsource their software development and IT enabled service
business to India - outsourcing to India.

There are many British companies like British Telecom and banks like HSBC and
Standard Charted who heavily rely on outsourcing to India. This outsourcing to India
saves above 50% of the cost according to many analysts. Analyst also predicts that,
soon one Indian IT company will be among the top five technology companies in the
world.

Currently outsourcing to India is $10 billion and out of that, 2 billion businesses
is from Europe. This is growing at the rate of 30% and according to Mr. Karnik,
president of Nasscom, by 2008 , Indian export earning will be $50 billion and total
revenue will jump to 87 billion dollars. IT outsourcing and software industry is
accounting for 25% of all exports for India and massive 8% of the total GDP. But it
is employing just 0.25% of the total population only. With this massive demand in
software outsourcing to India, India is providing 500,000 new IT and engineering
graduates every year to meet the demand.

Many other countries have entered in the software outsourcing band wagon like china,
Russia and eastern European countries. But India is far ahead in this race. China
has chance of developing a competitive offering but it will take few years.

Web Site = http://www.tatvasoft.com/outsourcing/2005_06_05_archive.html

Contact Details = TatvaSoft - Software Development India

303, Naindhara,
Next to Mitsubishi Showroom,
Near Hotel Grand Bhagwati,
S. G. Road, Nr. Bodakdev
Ahmedabad - 380 052
Gujarat, India

Tel : +91-79-40038222