Feb 6, 2004
Also from top Consultant -
"Infosys plans to open a 300-person development centre near Toronto to serve US clients within the same time zone but at a lower salary cost. Infosys believes Canada offers an attractive and stable location for some of its US clients.
Outsourcing companies has been expanding their offshore, nearshore and onshore capabilities to provide clients with the right mix of services. However, India's inevitable growth in salary rates is also a contributing factor in Infosys's decision, according to an Infosys spokesperson"
Read more here
So is it finally happening? The closure of India's labor arbitrage? maybe its too early to tell...but this Infy statement on growth in salary rates is surely significant !
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