Private Equity to play major role in Indian Market during 2007

Bangalore, Dec 14 (UNI) Flush with enormous funds, Private Investors are all set to power the Small and Medium Enterprises in the Indian market by investing upto five billion US Dollars to fund expansion plans of Business Process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO) firms.

Releasing services Globalisation Trends for 2007, Tholons, an US based investment, advisory and management firm, Chairman and Chief Executive Officer Avinash Vashistha said globalisation in serviecs was now a key strategic imperative for successful enterprises and would be the singlemost important factor shaping the services developed and delivered across the globe. The success of service globalisation in future would be determined by quality of delivery and supply, he added.

Replying to queries he said cities such as Prague, Halifax, Budapest, Warsaw, Pune and Bucharest were already centres for outsourcing but they were becoming more expensive and less differentiated. As a result, other cities such as Bratislava, Ho Chi Minh City, Kolkata, Buenos Aires, Dubai and Colombo were on their way to becoming centres of outsourcing in 2007.

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