Why Outsource IT to China
Top Seven Reasons To Consider China For IT Services Delivery
Global Risk Diversification
Risk management is an important part of business strategy. The change occurring in the outsourcing marketplace is causing some companies to aggressively seek geographic risk diversification – not moving their business out of India – but moving to locations such as China to offer a balanced portfolio of services.
Alignment with Asia Business Initiatives
China has been steadily transitioning to a market-oriented economy – providing opportunities for foreign direct investment. This growing economic clout is an attractive lure for many global companies. A smart China strategy is a vital component for future growth. So is having a trusted China partner.
Highly Skilled Technical Workforce
Reports indicate that nearly 6 million engineering graduates live in China – with over 2 million software developers. And, an additional 2 million graduates are predicted to be added each year.
English language aptitude is on the rise in China. Analysts indicate that China will challenge India’s IT leadership during 2010 through the country’s improved English proficiency.
Strong Government Support
The Chinese government has taken a proactive role in the country’s rapid growth – placing a high priority on development of the IT services sector. This includes tax rebates and credit support to boost the nation’s services outsourcing industry.
The results of government support are obvious in China, especially in the scale and physical size of infrastructure created in relatively short period of time – featuring “state of the art” technologies, communications, buildings and transportation systems.
Optimum Cost Efficiency
Currency fluctuations in India are causing companies to explore other destinations. Most recently, the rupee has appreciated heavily against the US dollar, shrinking labor arbitrage.