US Firms Look For Outsourcing To Cut Costs

Despite a grim US economic environment, large corporations continue to invest in captive outsourcing in cheap locations such as India, to cut costs. According to research and consulting firm Everest Group firms such as Starwood Hotels, Oracle, IP Infusion, Virgin Media, Capita opened new outsourcing units in last three months, indicating a heightened need to cut costs and leverage India's R&D strength.