LATEST IN OUTSOURCING: PREMIERE OUTSOURCING DESTINATION TO OUTSOURCE OFFSHORE

A bit unbelievable but true.

Faced with brain drain, Indian CIO's will now look at offshore outsourcing companies for their IT needs. The current situation is that the demand for IT skills far outweighs its supply.

"Local service providers lack adequate focus on the Indian domestic market, widening the demand-supply gap by not allocating enough quality resources for Indian customers," said Linda Cohen, vice president of Gartner's IT sourcing group."

In my opinion, the Indians are way to classy to become a victim of their own success. If the trend continues, I can see a lot of Indian businessmen setting IT businesses in the Philippines and its neighboring countries. Foreign IT developers will surely benefit from the new employment opportunity. However, Indian companies can be seen as the largest profit takers in this situation.