In a move that could help Indian business process outsourcing companies establish their presence in the Commonwealth countries, the Commonwealth Business Council has created a 'facilitaton cell' for 'match-making' exercise in 54 member countries.
"India is one country whose BPO activities are dominant only within the Commonwealth countries. Since India's technological edge is established in the BPO sector, the cell will expedite the match-making exercise so that India's position within the Commonwealth will go even higher," an Assocham release said in New Delhi, quoting Mohan Kaul, CBC director general.
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About 100 Indian IT firms have set up operations in Britain to exploit niche markets there and in Europe and they were relying on the Commonwealth connection to establish a base, he said at a seminar.
The Commonwealth presents market opportunities in key sectors that would be of interest to Indian IT companies, he said, adding the Commonwealth offers natural advantages through the strategic positioning of its countries, which serve as important regional hubs.
The UK is now seen as a gateway to Europe for many businesses and on an average two new Indian companies open offices in UK every week, he said.
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