The development of offshore subsidiaries is the natural evolution in the practice of outsourcing that’s gone from an “unwanted menace” to a “must-have service.”
Ariadne Capital, a UK Venture Capital Firm, and DSSI Group, a New Delhi, India-based company specialising in helping companies establish a presence in India, welcome you to a dinner at the Tamarind, London’s Michelin-star rated Indian restaurant, to discuss these issues with industry experts and to give you a sneak preview of a new venture that helps European companies “arbitrage” their cost and skill sets to a subsidiary in India rather than simply “outsource” them.
This new service is not about outsourcing to external contractors but building the best of breed services in a cost-optimised location. Offshore units, wholly owned or partly owned by a multinational corporation, help preserve their interests better than an external contractor.
India, with its 500,000 programmers costing 10% of their European counterparts, has developed world class software offshore development companies. Gartner Research estimates the BPO (Business Process Outsourcing) alone market will reach $234 billion by 2005.
What do these trends mean for European businesses? How can they assess the benefits and risks? And what are the options available to companies looking to develop offshore capabilities?
For those interested in the outsourcing and offshoring worlds, this event provides a glimpse of what is to come and an open forum for discussion.
Seats are limited for the dinner, so please confirm your attendance by email to Kate Opekar at firstname.lastname@example.org or phone 020 7653 0325.
Offshore Outsourcing in India – “Next Generation” Approaches
Aditya Khanna, Managing Director, DSSI Group
Bundeep Singh Rangar, COO, Ariadne Capital
David Johnson, Executive-in-Residence, Ariadne Capital
Date: Monday, June 2, 2003
Time: Dinner at 20:30
Venue: Tamarind Restaurant
20 Queen Street, London, W1J 5PR
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