Indian IT outsourcers want a bigger byte out of Europe
According to an Economic Times report, big Indian IT companies, like Infosys, TCS, Cognizant, have intensified efforts to crack continental Europe in the past three years through acquisitions, setting up operations on the ground and hiring locally.
The report adds that the push into Europe comes as Indian IT vendors face uncertainty in the United States, where more restrictive rules that could drive up the costs of sending workers there on short-term visas are being debated as part of an immigration law overhaul.
According to the report, Europe accounts for roughly one-third of revenue for India's $108 billion IT services industry, although Britain has long made up the bulk of that share. In continental Europe, Indian IT firms are making their deepest inroads in northern European countries where English is widely spoken.
Read the complete ET report here