Network International is among the first from the Middle East to open a captive centre in India, a timely initiative as the UAE seeks to strengthen economic cooperation with its longstanding trading partner, Gulf News reported.
Its India facility - Network International Global Services India PTE Limited - will operate as a technology center and will eventually become a 'Testing Centre of Excellence', leveraging the expertise of India's technology professionals.
The center was inaugurated by R V Deshpande, Minister for Large & Medium Scale Industries and Tourism for Karnataka.
The Indian facility will serve to support and enhance Network International's regional expansion plans. The UAE is currently India's third-largest trade partner, Trivedi said.
Over the years, India has emerged as a preferred offshoring destination for companies based in the US, Europe and Japan, mainly due to the availability of skilled personnel and cost-effective high-quality services.
India accounts for 45 per cent of the total captive centres, or global in-house centres (GICs), in the world, making it the leading destination, according to Nasscom, a global trade association for the Indian Information Technology and Business Process Outsourcing industries.