According to the Bangalore, “HCL Technologies is scouting for acquisitions in Europe to beef up its delivery capability in product engineering services. The India market for the service, estimated at about $11-12 billion in March 2010, is seeing a surge in activity as customers globally free up discretionary budgets to prepare for growth.” On the sidelines of a media briefing session,the executive vice-president and global head of sales, engineering and R&D Sandeep Kishore said that the “Acquisitions will be one of our main engines of growth. Customers want local delivery capability and we are exploring companies of different sizes to build capacity in Europe,”About nineteen percent of March quarter revenues that the division contributed to the March quarter. In registering the eleven percent sequential growth, this was the fastest growing service line. According to the HCL executive “its existing customers are now willing to shift bigger chunks of work offshore as time to market and cost pressures take.” In speaking of outsourcing this is one of the way why most of the businesses was already success, it is a biggest help to the people who needs to improve there businesses. Outsourcing is the key to have a good career and to see by the other people.
Reference:
http://www.financialexpress.com/news/hcl-scouts-for-r&d-firms-in-europe/617014/