All these companies are services companies' with no product portfolio. No one has such guts to come up with an innovative product. I pity u guys. All this happened because of cheap labour, which is not the case anymore. Very soon, we will see an indian slowdown, which will put back indian economy by 10 - 20 yrs. This is my prediction. Wait n watch.
RE:all are services companies
by Balaji on Jul 18, 2008 01:59 PM Permalink
Amar, I agree with yu. Yu are dead right.
As yu said, here in India, we have slight advantages on good english and because of this, we get all these service jobs. When, other countries like China, Philipines, Brazil show their skills in english, all western orders reach them one by one. Indian share will get reduced subsequently along with reduced pay structure. That's why many software biggies started having offshore centres in many other countries. But, now they give the image as if they are helping those countries. when this starts happening, will these companies relocate indian labour there?. It will never happen. They will use local low cost skills to manage the work. This may happen soon.I feel sorry for the IT guys who bank on these companies.
Yu are again right on the products comment. In fact, we donot need MS kind of companies here. Even MS can not emulate itself anywhere under the present condition. Software world never starts and stops with MS. Still there are many companies develop tools in many areas.
So, there is a huge potential for packaged software not only in India, but all over the globe.
Our biggies, during initial years work hard to get their billions and later they work hard to safeguard these billions.
They donot have mind set and courage to develop something in original and put into the competitive market and take that product for many years.
Even in India, many think, that India is the software capital of the world. what a pity!!
RE:all are services companies
by karthik on Jul 18, 2008 03:21 PM Permalink
dont be so pessimistic, if westernrs can develop productswhy cant we. they are human beings like us. give indians some time. who thought 20 yrs ago that indians could develop services software companies that too world class. innovation is the next step after just offering servies. there are many innovative software start ups in silicon valley started by indians.
RE:all are services companies
by Maheshwari N on Jul 19, 2008 12:01 AM Permalink
Karthik, It is nothing to do with whether Indian companies has a choice of being in product development or remain in services. It is to do with their mentality. None of the biggies are ready to take risk. Moreover they dont make any investments on employee talent development towards product arena. To my knowledge Wipro has investments done on R&D, this company started out as a product company and to match with the peers, they also fell in trap.
Your citation on Indian people who own product companies may not be applicable here. Those fellas are either having a green card or USCZ and who have planned to get settled here. We cant blame them as whatever they have brought up is due to the extensive education and knowledge they have got in through higher studies in the US.
My honest view on the way they run business is not that great.Software services is a knowledge industry, till the time the consumers are not realizing whether they are getting the value for what they pay, these guys will be in the biz. After all, no mainstream work is getting off shored.
I really have a great faith in Indian talent. No questions. But not on the india based service companies.
I have more to say as an insider. But i am running out of allowable characters for a post.
