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TCS: Overseas jobs no longer as enticing

BANGALORE - Tata Consultancy Services (TCS) says that Indian information technology (IT) professionals are losing their "appetite" to work overseas, as there are more opportunities and money available at home.

"The war for talent is here. People are realizing the benefits of working in India and in general, the appetite of Indian IT professionals to actually work overseas is clearly not there as before," TCS vice president and head of global operations, Phiroze Vandrevala, told reporters here Monday during a road show for the TCS initial public offering (IPO), which opens on July 29.

"They are playing our game. My global competitors are saying that they will use some delivery from India," he said, stating that top global IT firms were adding the "offshoring to India" component to win customers.

Vandrevala said the recent outcry against IT outsourcing to India had created more awareness and in value terms, the industry would have needed to spend over US$100 million in advertising to get the same coverage in the American press.

"The number of customer visits taking place is more now than ever. The number of companies in the Fortune 500 to 1000 visiting has increased and they [wonder] whether they have missed something if they have not outsourced to India," he said.

(Asia Pulse/PTI)

Jul 28, 2004

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