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OUTSOURCING PRODUCT DEVELOPMENT (OPD) NEXT WAVE IN IT FOR INDIA
from: John Parker From Webindia123 News The emerging Outsourcing Product
Development (OPD) sector will trigger the next Information
Technology wave in India with already a handful of companies
carving a niche in the world. Aiming to put India high in the IT
value chain in the Information Technology services that had
already earned the country a reputation, OPD would be India
centric over the next few years as none of the emerging IT
markets such as China or East European countries able to emulate
the indian experience in the field, according to IT experts
here. OPD by definition is building consumer products for
vendors and taking up responsibility of all aspects of the
product lifecycle including R and D, prototyping, development
testing and maintenance support. According to various estimates
the market size of OPD in India is around US dollars three
billion and was expected to grow to US dollars 11 billion by
2008. The global market for product and technology services was
set to a whopping US dollar eight-11 billion by 2008, according
to a Nasscom-McKinsey report. Nasscom says that Indian IT
industry export revenues from the Product and Technology
Services have grown from Rs 5,100 crore ($1.08 billion) to Rs
6,600 crore ($1.40 billion) during financial year 2002-03,
registering a growth of 29.4 per cent.
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