Search
 

Intellectual Capital Will Drive Indian Market

NEW YORK CITY-Though costs are a major factor, intellectual capital is fast becoming the market driver in India, according to Arthur Mirante, C&W's president, global client development. He was one of the featured speakers during the firm's forum covering offshoring and investment in India

By Barbara Jarvie | Updated on July 19, 2005

NEW YORK CITY-”Offshoring is not just a buzzword, it’s a key strategy for global companies,” said Rohini Saluja, national manager, client solutions, Cushman & Wakefield India, during a C&W symposium dealing with offshoring trends and the Indian investment scenario. She noted that the newest trend is that service type of businesses are “moving up the value chain. Real estate and infrastructure are key in offshoring.” Approximately 43.2 million sf of development in IT parks is expected over the next few years.

While costs are the major driver for offshoring in India–a software developer in the US makes an average of $60,000 per year, while the same job function in India has a salary of $12,000–other reasons businesses are looking to India include improving a business focus, risk diversification and gaining access to intellectual capital. That sentiment was echoed by Arthur Mirante, president, global client development for Cushman & Wakefield. “Intellectual capital, world-class talent is the attribute, not cheap labor, that will drive the Indian market.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.