Seeking to allay fears over the outsourcing backlash, Union Communications and IT Minister Arun Shourie on Tuesday said India’s strengths in talent, skill and costs in software service would make it imperative for the US companies to outsource to India. ‘‘IT (outsourcing backlash) is a minor issue. The combination of talent, skill and cost which India offers, is making it necessary for those firms to outsource to India, otherwise they will become uncompetitive,’’ Shourie said on the sidelines of the second Asian IT ministers’ conference. The minister also asked Asian countries to focus on innovation in the IT sector. ‘‘We have an Asian advantage of wealth of knowledge. Asia’s software exports is likely to earn $88 billion revenue in 2004 and over half of the Fortune 500 companies have chosen Asia as a major part of their operations and is providing constant vibrancy to the IT sector’’, Shourie said. (Agencies)
