IT and software services giant Infosys will add nearly 16,000 engineers to its employee roster as outsourcing opportunities coming from the U.S. and European markets continue to increase. Chairman N.R. Narayana Murthy made the announcement Wednesday at an event in Mumbai.

Outsourcing services account for more than 80 per cent of revenues in the local IT sector, which is currently valued at $108 billion, according to a report from Press Trust of India. Murthy remains optimistic about the health of the local economy and believes that as long as the government remains steadfast in nurturing the growth of businesses and taxes are properly utilised then stability and public trust will be achieved.

Murthy also called upon education officials saying that only through quality programmes and courses can India produce top notch engineers who will establish the country as a global software leader.

Infosys' main competitor TCS also projects increased outsourcing demand this coming year. CEO Natarajan Chandrasekaran announced that recruitment of 25,000 fresh engineering graduates is underway.

Back in November, enterprise computing solutions provider Arrow Electronics partnered with Infosys to jointly market comprehensive services for information technology asset lifecycle management to their U.S. clients. Their combined resources will assist enterprises in complying with regulatory requirements more easily and strengthen sustainability measures related to the management of IT equipment

By: DocMemory
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