Our Delhi office opened in 2006 to support Technifind's international growth in two areas. First, many of our multinational clients that we assisted in China also had resources in India. Second, we began to grow internationally in several service related industries, especially BPO and ITO related functions. Technifind's Delhi office specializes in finding key executive talent within in the operations and delivery space for F&A, IT Infrastructure, Supply Chain and Logistics, Collections, Contact Center, Analytics and Reengineering related service functions. Additionally, our Delhi office continues to support traditional manufacturing and sales based support for many automotive, technology and pharmaceutical based clients.
Snapshot of Indian Market
With the world's largest population of English speakers outside the US, the world's second largest population behind China, and the world's largest democracy, India has a lot to offer multinational firms with the desire to invest there. India's large population of English speakers have offered many US companies the ability to streamline processes and reduce costs by leveraging the well-educated Indian labor market. India excels in producing technology graduates, which makes India well suited for technology, pharmaceutical and automotive customers. 20% of the US Fortune 500 companies have R&D centers in India. And almost 50% of high-tech startups in US are pioneered by individuals with Indian background. The adoption of English as a widely used language throughout the government also means that much of the infrastructure in China is supported by English as well. In general the cultural attitudes of Indians are more tolerant of Western business style. As a result the transition of US or European companies into the Indian market is somewhat easier than it is in neighboring China. Indian consumers are more eager to consume Western based products, and Western manufacturing systems and styles are generally more tolerated.
Those points being said, India lags behind China in areas such as accessibility to raw materials, quality of the country's infrastructure, and subsequently a much weaker supply chain and logistics framework than China. The lack of transportation options can also make it more critical to reach critical markets in a timely manner. India continues to make strides in these areas and will continue to be a global competitor in both manufacturing and service industries for the foreseeable future.