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    Global companies may look to shift from captives to outsourcing

    Synopsis

    India has nearly 1,300 captive centres and they together employ nearly one-fourth of the 4.3 million workers in the $191-billion IT-Business Process Management sector.

    Companies across the world are likely to favour outsourcing work to IT services providers over insourcing to their captive units in India, as they deal with cost pressures and undertake digital transformation initiatives following the Covid-19 pandemic.Indian IT services providers such as Tech Mahindra and Infosys said there is already a move towards outsourcing as software services exporters had built up expertise in new technologies that
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    The Economic Times