• search

Chennai sought after for offshoring services: report

Written by: Staff

Chennai, Apr 2 (UNI) At a time when the country was maintaining its lead in global offshoring services, Chennai has emerged as the most attractive Indian city for offshoring services beating traditional top cities.

''Chennai is the most attractive Indian city for offshoring services beating tradtional top cities like Bangalore, Mumbai and the National Capital Region (Gurgaon, Faridabad and Noida)'', says A.T. Kearney's Indian City Services Attractiveness Index 2005, a report by the US-based A T Kearney, a management consulting firm.

Releasing the report, AT Kearney Principal Arjun Avtar Sethi said that Hyderabad was a close second. Kolkata was also emerging as a credible alternative to cities with more established offshoring services industries, which include information technology, ITES and BPO.

He said the survey assessed Chennai, Hyderabad, NCR, Bangalore, Mumbai, Kolkata, Pune, Kochi and Jaipur for their attractiveness for placing offshoring services. The cities have been benchmarked as attractive on three major categories -- financial costs, people skill and availability and the business environment.

Chennai emerged as the clear leader in all categories followed by Hyderabad, NCR and Bangalore.

Chennai was the leader based on available labour and low attrition rates. Bangalore suffers due to high attrition rate.

The attrition rate was about 50 to 55 per cent in Mumbai and Bangalore as against 35 to 40 per cent in Chennai. This difference of ten to 15 per cent has a significant effect for companies on training costs, the report said.

Due to lack of available skilled labour, Kochi, Kolkata, Hyderabad and Jaipur were less attractive in people skills.

UNI GV VV 1733

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more