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10 Reasons Why Setting Up An Offshore Development Centre In India Can Boost Your Company's Growth And Development

At a cursory glance, it might appear that setting up an offshore development centre in India can hamper your company's growth and development. However, if you take a longer, more thoughtful look from all angles, you will find that setting up an offshore development centre could in fact prove beneficial to the well-being of your company.

 

Offers Better Access to Skilled Employees

India is a country with a huge talent pool of skilled employees. According to the National Association of Software and Services Companies (NASS-COM), India has over 4 million skilled IT professionals, which is more than any other nation in the world. When you set up an offshore development centre in India, you are assured of getting access to one of the largest pools of technically skilled employees. The reason for this is simple - the country has some of the best IT training institutes that produce highly qualified and experienced professionals. These professionals are proficient in various programming languages and technologies. The increasing number of Indian IT workers makes it easy for you to find the right people who can help you achieve your business goals.

 

Greater Savings on Operational Costs

One of the most attractive benefits of setting up an offshore development centre in India is the savings you can make on operational costs. The average salary for developers in India is significantly lower than in other countries, so if you hire your own team to work for your business, you can save a lot of money. The cost of living in India is considerably lower than in other countries too, making it easier for you to run an efficient and cost-effective business.

 

Your Company Can Benefit From Increased Knowledge

You might think of India as a country that produces great call-centre employees, but the truth is that it is home to highly talented IT professionals. This makes it easier for you to find qualified team members who will be able to help your offshore development centre in India thrive. Your company can also benefit from the increased knowledge and information that will come from having a diverse team. Since Indian IT professionals have access to different resources than their counterparts in the United States, they can provide valuable insight into areas that are not always discussed in American educational institutions or business settings.

 

Your Company Could Reap The Benefits Of Different Time Zones

You could have your development team working while you sleep. This is one of the most understated benefits of setting up an offshore development centre in India. While the sun is rising in Asia, it's setting in America. Your company could be reaping the benefits of having a 24-hour workday. Imagine the advantages you would have over a competitor who doesn't have this setup! You could be more productive, and more competitive. Moreover, even if you do not need to stay open for your customers around the clock, you can use this time for internal work such as product development or testing. Your company will also see better turnaround times on projects, allowing quick responses to customer requests and fewer delays that result from "waiting for some colleagues." You can complete tasks faster and focus on what really matters: growing your business.

 

It helps increase the work-life balance of your employees

Although it seems to be the norm these days, working long hours is not always good for employees and their work-life balance. It can lead to burnout and a loss of interest in their work. This, in turn, can decrease productivity, and creativity and have a negative impact on the company as a whole. Companies with offshore development centres in India have found that their staff are happier as they are able to maintain a better work-life balance.

With an offshore development centre in India, you can reduce your employee's workload and give them more time outside of work. When they return to work the following day, they will be happier, more productive and less stressed.

 

It helps you have a more diversified employee base

Having employees from different backgrounds and experiences can be beneficial when it comes to problem-solving and innovation. When you have an ODC, you'll open up your company for more opportunities to work with people from different countries and cultures who can bring new ideas and perspectives to the table. The result could be a more diverse company culture that will make all of your workers feel welcome.

 

It helps you increase your company's competitiveness in the market

By setting up an offshore development centre in India, you will be able to increase your company's competitiveness in the market. This is because you will be able to reduce costs while still being able to deliver the same quality of products or services.

Many companies that have set up offshore development centres in India have experienced a surge in their market share and profitability. This is because outsourcing your company's work to an offshore development centre allows you to focus on the core competencies of your business while saving on time, space and cost.

You can also leverage the diverse expertise of developers at the offshore development centre to accomplish more in a shorter span of time. Such capabilities can help you increase your company's competitiveness in the market and make it much easier for you to deliver value to your customer base.

 

Access to the latest technologies and tools

The world of technology is advancing at a rapid pace. Each day, we are witnessing the release of new software and tools to enhance our business processes and operations. The IT sector is currently riding high on this trend and offshore development centres in India are enjoying the perks of this growth. It's no wonder that many companies are switching to outsourcing or setting up their own offshore development centres in India to access the latest technologies and tools.

Offshore development centres in India not only provide you with access to the most advanced technology solutions but also ensure that your business stays ahead of its competitors by adopting new technologies before they do. Therefore, if you're involved in a highly competitive industry or handle massively popular products, then it becomes essential for you to stay on top of the latest technology trends and adopt them before anyone else can. This will help you maintain a competitive edge over your rivals and boost your company's reputation.

 

This will help you enhance your company's reputation and brand value

It's no secret that a reputation for quality and innovation can be the difference between a thriving business and one that just gets by. So if you're trying to find new ways to boost your company's reputation, an offshore development centre can make it happen. For one thing, an ODC in India will bring you closer to the Indian market, which is projected to hit $4 trillion in the next few years. As your talent pool expands, you'll have access to more innovative ideas from people with a wide range of backgrounds and experiences. The chance to tap into this kind of growth is invaluable—not only will it help your bottom line, but it will also improve your brand image as well. Moreover, tapping into Indian talent could give you access to new ideas and improved efficiency when it comes to developing products that appeal to consumers around the world.

 

It will help you to improve your time-to-market cycle

One of the biggest obstacles for any company is time-to-market. The longer it takes for your company to get its product out there, the more likely it is that someone else will come up with something similar. That’s why setting up an offshore development centre in India

 

Conclusion

These are just a few of the many advantages that this country offers. If you plan on setting up an offshore development centre in India, the incentives and opportunities it provides can be quite beneficial for your company and can help you achieve greater success. Think about all the applications that your company could take advantage of.

 

The next step in building your ODC is to find a local partner who will work on the ground and set up everything for you. Accoty is such a partner you can find. We help companies like yours in setting up their ODCs in India. We not only build it, but we also manage it daily freeing you to take care of the important stuff for your company.

If you want to know more about how we do it, check it out here. If you want to know more about us or how we'll build you an ODC and manage it, click here.