India most preferred to set up back-end IT units: Report

Written by: Pti
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Mumbai, Feb 7 (PTI) India has emerged as the mostpreferred destination for global enterprises to set up theirback-end information technology units or captive units in2010, consultancy firm Everest Group said in a report.

"India witnessed the maximum activity, followed by otherregions in Asia and the Philippines," a release issued by theconsultancy said.

Unlike the practice of outsourced work wherein an Indiancompany erects a facility and employs professionals, captiveunit involves a multinational corporation setting up its ownunit in a country, attracted usually by the talent pool ofthat country.

Among those who set up facilities in India in 2010include Microsoft which set up a development centre inBangalore, audit firm PricewaterhouseCoopers'' centre inKolkata and Credit Suisse''s facility in Mumbai, a spokespersonfor Everest said.

Globally, 2010 observed a positive surge with the numberof captive set-ups exceeding the divestures, the report added.

The year also saw India continuing to lead in theoffshire market activity, Everest said, adding the countryreported the setting-up of 39 delivery centres followed byPhillipines'' 25 and China''s 16, the release said.

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