Although the Indian companies have very minor share in the Outsourcing spending, including manufacturing, in year 2002 for US $ 3.7 trillion globally. But a more interesting fact was a notable change being experienced in their buying behavior these days.
Anything they would now procure be it raw materials or a production process or else, they would sincerely determine MERRITS OF PURCHASE CONTRACT between 'routine domestic supply offers' versus 'quotations from the overseas suppliers'. And in many cases price or quality or any other advantage becomes a reason to go for outsourcings.
In the fields of electrical and consumer electronics, telecommunications, apparel & accessories, medical & healthcare, logistics, fruits & food processing, automobile, and a long list behind, lot of Global outsourcing activities are being reported by Indian companies, every day. Hereunder is a list of some fields where ongoing activities of 'Outsourcing to Globe' are reported by varied of Indian companies may be the manufacturers, trader-importers, professionals, services' providers, government bodies or NGOs:
Indian Outsourcing to Globe: Some Called areas:
Contract/sub-contract Manufacturing,
licensing and sublicensing,
franchising
Business Process Outsourcing (BPO),
information technology: equipments and connectivity rights,
consumer electronics and durables,
OEM and component and assemblies,
finished goods, gifts, homecare products and security equipments,
Synthetic fibers, silk yarns, fashion-wear and accessories,
machineries & equipments,
bulk drugs, life-saving medicines and machineries, surgical equipments,
specialized books, and other educational aides and concepts,
specialized equipments for construction and marine support,
eatables of unlimited kinds.
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