Despite some states in the US protesting against outsourcing software development and business process esto India, global majors are looking for opportunities to outsource work worth around $5 billion to the country in 2003-04.
Outsourcing advisory firm neoIT said global majors were looking at strategic outsourcing partners, acquisitions and captive development centres to outsource to India.
According to industry sources, leading Indian software services companies are vying for these orders.
"We are helping some of the top Fortune 500 companies to outsource software and business processes to India. Indian companies will get some of the biggest orders this year," said Cliff Justice, senior vice-president, neoIT.
According to Justice, the software development and business process outsourcing work coming to India will involve 400-2,000 people initially. "Many of these projects may ramp up in the second stage," he said.
Companies likely to outsource to India include financial institutions, business conglomerates and technology majors.
Some of the global companies would look at acquisitions as a way to start and ramp up operations in India, Justice said. "Some of these companies will acquire the second and third rung companies in the country
