March 22, 2005
Tata Consultancy Discusses Future of Offshoring
With India's labor costs rapidly climbing and eliminating much of the price differential that initially attracted western firms to the region, the largest Indian firms have the foresight to know that their current business model leaves little room for growth. With that in mind, the CEO of Tata Consultancy, one of India's largest, discusses the need for companies' like his to offer services closer to the customer. One area his company is particularly keen on, is an expansion into the UK's software development industry. Times Business Reports:
TCS could use UK acquisitions to boost its consultancy business and develop its technology development function, strengthening its hand against competitors such as Accenture, IBM and LogicaCMG.
"(Higher margins) cannot be achieved without getting closer to the customer. That is what our global footprint is about," Mr Ramadorai says.
Read More: The global footprint of an Indian outsourcing giant
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