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NASSCOM and CBI sign breakthrough agreement that will put outsourcing within reach of SME's AMSTERDAM, The Netherlands, March 31 - Small-, and medium-sized enterprises in Europe can finally start reaping the benefits of business process outsourcing to highly specialized companies in low-cost India. Two internationally renowned knowledge centers have joined forces to make this possible in an agreement signed this weekend in Amsterdam. Business process outsourcing, or BPO, covers activities such as call centers, finance and administration, data processing, research, back office processes, document management, human resource management and many others. NASSCOM, India&8217;s largest branch organization for this sector, will work together closely with the Dutch Centre for the Promotion of Imports from Developing Countries, the CBI. Together the two institutes have set up a unique export development program which offers SMEs in the European union unique opportunities. The agreement means the days when BPO to low-cost countries was something only big-budget enterprises with plenty of outsourcing expertise could afford are definitely over. While large buyers and suppliers in Europe and India have no trouble in finding each other, the distance is still too great for many SMEs. The Dutch Centre for the Promotion of Imports from Developing Countries (CBI), which has gained renown across the EU as a leading center of expertise in the field of trade with developing countries, is changing this situation, together with NASSCOM. The two organizations will on the one hand make their BPO expertise available to European SMEs. On the other hand they will help selected Indian IT companies with proven quality to access European markets. A highway for SMEs &8220;To us this is an important agreement&8221;, confirmed NASSCOM president Kiran Karnik. &8220;The success of India in the fields of IT and IT-enabled services is considerable, but we wish to see more European firms, particularly SMEs, become stakeholders in that success by entering into sustainable partnerships with our companies. In India, too, SMEs have until now not been able to fully share the success of large enterprises in the BPO sector. So this is a win-win agreement for SMEs in the Netherlands and Europe as well as in India.&8221; NASSCOM and the CBI The CBI, an agency of the Dutch ministry of Foreign Affairs, is a leading center of expertise in Europe in the area of trade with developing countries. For over the 30 years, the institute has developed successful export development programs aimed mainly at helping SMEs in developing countries to access European markets. The CBI&8217;s programs cover a wide range of industrial sectors, including BPO and IT. The CBI selects promising companies in developing countries and offers them intensive, long-term training and technical assistance in order to prepare them for the rigors of the European market. The export development program for the BPO sector was launched last year in India and two other countries with promising industries in this field, South Africa and the Philippines. As the CBI&8217;s counterpart in India, NASSCOM will be responsible for the practical organization of the CBI program. As such, NASSCOM will select promising Indian suppliers to be trained and assisted by the CBI in exporting to Europe. Over the last year, nine Indian firms have already been selected and have entered the program as fully qualified partners. In addition to training exporters in India, South Africa and the Philippines, the CBI is also actively working the European market, helping SMEs recognize the huge advantages of business process outsourcing and assisting them in finding Indian partners who understand their needs and can stand up to European market requirements. &8220;The CBI has proven its competence in the area of capacity building among exporters in countries like India as well as in the area of export marketing. We have the knowledge and the techniques. On top of that, we&8217;re reaching out to European SMEs more actively than ever to help them find reliable partners in India and other outsourcing destinations&8221;, said Lansink. Sharing success
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