Indian IT Companies To Tap Big Business In Europe; Up Hiring Plans

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With European corporations emulating their American counterparts to make outsourcing mainstream , Indian software companies are tapping into a rich new vein of opportunity and are hiring and looking for acquisitions to grow in the continent.

As Europe rebounds from the lows of the economic crisis, firms on the continent are beginning to raise their IT spending as they look to cut costs and focus on a digital future. They are also open to working with Indian players, something that was not common a few years ago.

“Large European accounts are now ready to work with Indian IT players. Pressure to save costs is one of the reasons, but more importantly Indian IT companies have been selling more consulting work and delivering high-value services,” Christophe Chalons, partner and chief analyst at Europe-focused IT advisory firm Pierre Audoin Consultants, told ET. Original post at The Economic Times

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Wahengbam Rorrkychand

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