China names Infy in key liaison service outsourcing
Posted on: 05:59 PM IST Dec 19, 2012
Bangalore: China has named Infosys in the list of 100 Key Liaison Service Outsourcing Companies, making the IT major the only Indian company to get this recognition. Infosys was included in the list as a result of its well-rounded portfolio of capabilities, exemplary performance and strong growth in China, the city-based company said in a statement.
Service outsourcing has been identified as a key industry to be developed in China. The Ministry of Commerce is the designated governing body for this industry. There are 21 Service Outsourcing Base cities in China and these cities currently enjoy government support to foster talent development, design business friendly tax structures and foster a positive environment to encourage service providers to set up shop in China, it was noted.
China's service outsourcing industry has been growing at a rapid pace for the last couple of years, according to the statement. The total number of outsourcing companies increased from 12,706 in 2010 to 16,939 in 2011. The total offshore service value increased by 65 per cent, over the value in 2010, to $23.8 billion in 2011.
Infosys China has operations across Shanghai, Beijing, Dalian, Hangzhou and Jiaxing and has more than 3,300 employees. The company offers its entire range of services to both well-established local enterprises as well as leading multinational companies operating in China. Infosys also houses development/delivery centres in China, to support the needs of clients globally as well. A new DC with a capacity to accommodate around 10,000 employees is currently under construction in Minghang, Shanghai.