No Future for the low-cost airline in India?


No future for the low-cost airline in India?

From Livemint

India is not a suitable country for low-cost airline operations as it not only lacks infrastructure like low-cost secondary airports but also the cost of their staff is at par with full service carriers (FSC), a study has claimed. Also, the low fare carriers (LFCs) have to face tough competition from Indian Railways and road transport for destinations of shorter durations. “India has very few secondary airports from which the low fare carriers could operate. Of the 127 airports with the Airports Authority of India, only 80 are operational,” aerospace expert Harmoz P Mama claimed in a study ‘Civil Aviation in India : Challenges and Prospects´.

Read Full Report Here:

Yes this is right because the low-cost tariff model for an airline business in India is suffering lack of infrastructure. We don’t have2nd tier airports to cater low cost airlines, means all fees (airport charges for Airlines) are the same for both regular full service airlines and low-cost airline. Low-cost airlines reduce fares by cutting in-flight service and making use of cheaper airports or we can say 2nd tier airports. But in India we don’t have any tier 2 airports to cater these discounted carriers like we have in Europe and USA a major market for Low-Cost Airlines. Government should make some plans for the development of a separate terminal (No frills airport) for these carriers and should do more in order to promote budget air travel. If we really care and if India really needs this Low-Cost Airlines then government should put focus on infrastructure development which is a major requirement for this aviation industry and for also better economy health.
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Global/United States recession and painful economic slowdown affects are heading towards India now: Over 50,000 IT professionals in the country may lose their jobs


Global/United States recession and painful economic slowdown affects are heading towards India now: Over 50,000 IT professionals in the country may lose their jobs!!

It appears that Global/United States recession and painful economic slowdown affects are heading towards India now. India economic situation which is supposed to be in under control till now will remain in control during this global economics hard hitting period I just hope. Our government did bail out few industries earlier and now it seems like that our Pride IT & ITES industries also needs some bailout packages in coming days.

Yesterday Yahoo.com reported that Over 50,000 IT professionals in the country may lose their jobs over the next six months as the situation in the sector is expected to worsen due to the impact of global economic meltdown on the export-driven industry, a forecast by a union of IT Enabled Services warned.

Read Full Story Here…

I just hope this Global recession is not going to affect adversely Indian industries and we will be able to get out of this economic crunch and job losses things sooner and in a much better way. Keeping Finger Cross

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Indian legal process outsourcing (LPO) outsourcing, market is evolving at break-neck speed: UK News Paper Reports


Indian legal process outsourcing (LPO) outsourcing, market is evolving at break-neck speed: UK News Paper Reports

The Indian legal process outsourcing (LPO) industry In India is increasing with rapid speed. Economic Slump and economic slowdown in international markets seems like that’s it’s going to benefit at least this sector (Indian legal process outsourcing (LPO) in India BPO segment. Today UK National Newspaper reports that 10 out of 30 top law firms in UK have outsourced administrative or legal work to Indian outsourcing partner. So that’s for sure that India Indian legal process outsourcing (LPO) is set to grow despite of this economic slump in world due to cost cutting measures started by most of the leading law firm in many countries and for sure going to benefit Indian legal process outsourcing (LPO) market.

The RSG India Report 2008 is a definitive 200-page analysis of the current legal market in India. Beyond the subject of outsourcing, it also shows that this market is evolving at break-neck speed.

India now has its own “magic circle” of leading law firms with senior corporate lawyers earning incomes comparable with those of partners in medium to large-sized London firms. But, as the study notes, there is a dearth of experience and attrition rates are high.

 

A Big Breath of relief and Some Good news for BPO market:

Yes many Indian legal process outsourcing (LPO) firms can take big breath of relief that even after economic slump in world this segment is bound to grow, and there is no doubt that’s it will grow with high pace as Indian legal process outsourcing (LPO) provider’s have right and best talent to offer and better infrastructure to meet clients needs.

A word of Caution:

I know that the cost advantage Indian outsourcing Industry enjoys doesn’t seem set to disappear anytime in nearby future as we have best talents in world and we get about 80,000 English-speaking fresh law graduates pass out from Indian institutions every year but we need to keep a close eye on cost factor as well as union factor. Both can spoil industry. We need a proper recruitment procedure for all nw employees so that we can serve our clients in best manner. Secondly all the LPO guys especially people who is going to deal with legal work should go through proper security clearance and we also need more strict laws to safe this industry form any mischief’s.

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The Day India Cried!! November 26 2008 Mumbai Attack!!!


November 26th 2008 it was a day of great sadness and loss of many innocents’ lives. It will not — and should not — be forgotten!

 

 The day when our beloved Mumbai was taken by surprise, our beloved Mumbai was attacked by coward terrorist, many innocents died, many children’s becomes orphan, many parents lost their children’s, our pride has been hit, coward terrorist killed brutally our people for no reason, But you coward terrorist I promise you we will find you, we will not sit quite this time, we will find you even in hell.

God Bless India ! Jai Hind !

Indian outsourcing market is set to suffer due to high increase of labour cost ! Act Now or for sure be ready for sorry state !!


Indian outsourcing market is set to suffer due to high increase of labor cost. Skills shortage and rising labor cost of India’s talents is driving away most of the big IT players towards East European countries and china to find out cost reduction.  India is no longer able to give cost cut to these big IT players.

Many companies who were opened their offshore center in last few years here in India are planning to move somewhere else or in process of moving out because high cost of Indian Labor Market.

Emerging nations like Morocco, Hungry and other SE nations will eat major chunk of Indian IT outsourcing market share if we still not sit down, do some brain stormy thinking and make workable long term strategy to keep this industry at par.

We desperately need that our government should sit down with outsourcing and off shoring corporate leaders to identify specific skills required for the industry, current market trend and how we can reduce the cost of products and solution without hurting the cost of labor market and in future how we can control labor rising cost. Government should also try to find out the way to decrease taxes to keep this industry growth for at least next decade.

Outsourcing industry gives India billions of Dollars every year; this is the main factor that our economy is growing so fast. If we don’t do major brain stormy session now and don’t come up with some long term strategy for this industry then be prepared for sorry state.

We are heading to lose our greatest strength – low-cost labor – Act Now or for sure be ready for sorry state !!

India no longer top outsourcing destination?

ndia’s dominance as a low-cost outsourcing destination seems to be on the decline, with countries like China, Morocco and Hungary fast emerging as the preferred choices by IT services providers, a recent study says.

Focused on UK’s top IT service providers, a study by Pierre Audoin Consultants (PAC) showed that China, Morocco and Hungary are the new locations of choice to set up offshore sourcing centres.

Asia’s Hot Growth Companies: 2006


India’s 5 companies made it into the list of recently published report by Business Week “Asia’s 100 Hot Growth Companies.

The top Indian companies, their overall rank and the nature of their industry are as follows:

22. Hexaware Technologies: IT Consulting & Other Services

29. Matrix Laboratories: Pharmaceuticals

33. Dabur India: Personal Products

50. MphasiS BFL: IT Consulting & Other Services

89. Wockhardt: Pharmaceuticals

For Full List Please Click following link:

Asia’s 100 Hot Growth Companies

Business week ranking of companies are based on companies three-year growth in sales, profits, and return on invested capital and companies were also required to have annual sales of more than US$50 million and less than US$500 million.

Asia’s 100 Hot Growth Methodology

 

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India’s economy only getting stronger


Yes! Size of cake is getting bigger day by day. Indian economy is growing faster than any one expected only 2 days ago Central Statistical Organisation reported that India’s economic growth unexpectedly accelerated to 9.2 percent last quarter. It going to be more stronger in coming years because of purchasing power parity is getting higher every day. India is now third after the US and China and ahead of Japan.

India’s expanding economy is drawing an increasing number of interested Thai investors as it is likely become one of the world’s key engines of growth in the near future, according to a leading financial sector expert.

“India today offers great opportunities in virtually every sector of the economy, be it infrastructure development, cement, textiles, services or others,” said Anand Rathi, chairman of Anand Rathi, a leading India-based financial-services company. “Thailand, which has strength in agricultural-related goods, can participate in this growth either in the agricultural sector or others.”

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