Monday, July 02, 2007

According to the White Paper, titled 'Building a World-Class IT Services Outsourcing Industry in China' by EDS, the Chinese ITO industry is expected to generate revenues worth USD 18 billion by 2010 and USD 56 billion by 2015. The industry is also expected to create job opportunities for about 4 million professionals by 2015. In addition, the paper boasts of abundant supply of workforce, excellent infrastructure, and low-cost advantage in the country. The Chinese Information Industry Ministry estimated that the country's software outsourcing industry revenues grew by over 40 percent year-on-year to reach USD 1.4 billion in 2006. The ministry also expected the Chinese software and information services market to reach about USD 131.32 billion (CNY 1 trillion) by 2010. In addition, some newspapers sources cited that various Chinese provinces are offering tax rebates and have implemented favorable policies to facilitate the country's outsourcing industry and allow international companies to expand/open their offshore operations or set up joint ventures in the country.

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