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At a time when new job creation in the technology sector has slowed down, Capgemini plans to hire 20,000 in India by 2016 to scale up its offshore capabilities.
The Paris headquartered outsourcing major with revenues of €20 billion believes that demand for outsourcing is on the rise in two of its key markets — Europe and US and believes that pace of outsourcing has picked up in these markets despite an economic slowdown.
Recently, there have been some concerns amongst the IT sector regarding its growth prospects for this financial year as companies have been cutting down on their workforce. However, Aruna Jayanthi, CEO of Capgemini, offshoring to India and other destinations such as Poland are increasing.
“About 80 per cent of the work is expected but we to stretch the limits of outsourcing and that is where the opportunities are for us and other outsourcing companies,” she added.
Industry groups like ISG have affirmed this trend and as have pointed out that the global outsourcing industry will achieve double digit growth in 2014, driven by a higher annual contract value of outsourcing deals that is to the tune of $17.1 billion.
To continue on its growth track, Capgemini plans to increase its workforce from 50,000 to 70,000 by 2016. It also announced the opening of its new facility in Bengaluru, which has a capacity of 5,000 seats. The company has 18,000 people working in its Bengaluru centre across four locations.
Additionally, the new facility is spread across 4.6 lakh sq. ft. and expected to offer traditional IT services such as application development & management, infrastructure services, BPO, consulting services and new technologies such as business analytics and cloud computing.
More capacitiesThe company is planning to add capacities in other parts of India too. “We will look at adding workforce in our other 8 locations too,” said Jayanthi. This workforce will be added across the board that would include both freshers and experienced people, company sources said.
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