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Martin Murray

Outsourcing Contracts Up For Renewal

By January 21, 2013

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Outsourcing The Times of India is reporting that this year outsourcing contracts worth over $50 billion are coming up for renewal. This is almost half the size of India's information technology industry. This means that India's outsourcing companies will be fighting for every contract and this could mean deep discounts for American companies who have outsourced business to India.

At a time when American workers are hoping that their employers will be returning jobs to the US, this situation is unlikely to change the status quo. In fact the upcoming contract negotiations could mean that could mean that American companies are tempted to outsource even more jobs, if the price is right. Recently HCL Technologies won a contract with Deutsche Bank, who has traditionally been a client of Infosys, and executives aware of the deal negotiations described the pricing offered by HCL as being "significantly" lower. It is fair to assume that as more contracts come up for renewal, the four leading companies, TCS, Infosys, Wipro and HCL, will be doing everything possible to win this business.

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