The Indian domestic retail story is creating waves all over. especially after the Bharti and Wal-Mart deal recently and lot of other big names mulling a retail foray. In another aspect to this retail boom, India is now slowly becoming a centre of gravity for retail backend IT support for global giants.
US major Target Corporation is betting big on India’s IT prowess as well. It’s software development centre Target Technology Service India (TSI) in Bangalore started last year, is now aggressively expanding its presence. Currently having a few hundred employees, the company is looking to add 1,200 more people by 2007-end in both technology service and business service divisions.
The latest addition to the list is US-based Supervalu’s software development centre. It is looking at having a 300- member team in Bangalore with an investment of $50 million (Rs. 220 crore) over the next five years. This is also the first such centre outside the US for the $44 billion grocery chain.
One of the reasons for many retail giants to move to offshore is also because they are under huge pressure to cut costs and improve productivity through technology. This is largely possible through offshore development centres.
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Author: Arun Prabhudesai
Arun Prabhudesai is founder / chief editor at trak.in. He jumped the Entrepreneurship bandwagon in early 2008 after a long 13 year stint in I.T Industry. You can follow him on twitter @trakin or get in touch with him at admin-at-trak-dot-in or 91.9822575676.Related posts:
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Nice view….
Can you through some more light on some more aspects of Retail Boom and IT’s second wave.
Is it also true the other way round.i.e the IT wave leading to a retail boom.
Also what factors are leading to India’s presence being felt esp India’s IT .
Do we already have an infra setup for the same??
Do we have the inherent cost arbitrage?
Can you through some light on any related issues?
What future holds for Retail and this 2nd IT wave?
Waiting for a response!!
By asking thefollowing quesions:
Also what factors are leading to India’s presence being felt esp India’s IT .
Do we already have an infra setup for the same??
Do we have the inherent cost arbitrage?
I meant that are thse the only reasons for this second wave or there are more/different reasons?
Hi. Just free your immaginations and trust the next idea which comes to your mind about IT and Retail.
Dont know what I am saying? Just click my name to see the latest youtube from india.
what is the latest news about the retail suffer with resesion