CHENNAI: Exit of tech companies like Accenture and IBM from Russia and disruption in operation of technology distribution centers Ukraine India and other Southeast Asian countries have the potential to do more. It is also likely to bring more business to the Indian IT services giants as global tech firms with a large presence in Ukraine are now passing through a period of uncertainty.
Indian IT services majors have a small base in Ukraine, as well as neighboring countries such as Poland, Romania and Hungary. But global IT and engineering services firms such as Appam, GlobalLogic and Softserv have large distribution centers in Ukraine and are now evaluating other markets for business continuity, especially India. US-headquartered Appam, which has more than 12,500 employees in Ukraine, has already withdrawn its first quarter guidance and 2022 financial outlook due to uncertainties.
“The company is actively working to relocate its employees to low-risk locations in Ukraine and neighboring countries. Business continuity across multiple locations in Central and Eastern Europe, Latin America and India,” Appam said in a statement. Executing plans and expediting hiring.
Peter Bender-Samuel, founder of outsourcing research firm Everest Group, said the environment presents a great opportunity for Indian firms between service providers and global business services (GBS)/captives, “with the potential to have over 100,000 FTEs (completed)”. time equivalents/employees) who will be affected and out of the global workforce due to war and sanctions”.
Prashant Shukla, VP, Everest Group, said the position adds to an already challenging talent environment, especially with the talent pool in these directly affected geographies having a good element of specialized skills around next generation technology. Ukrainian software developers are recognized as one of the five strongest IT communities globally, given their expertise and high English proficiency.
“Ukraine is one of the top destinations for offshore and near-coastal third-party services, especially for engineering and IT skills,” said Quess IT Staffing CEO Vijay Sivaram said. Industry executives spoke to TOI. In the medium term, the conflict will bring more Eastern European clients to Indian IT services companies. Top-tier IT services firm TOI declined to comment, but said they were closely monitoring the development of the sector.
Indian IT services majors have a small base in Ukraine, as well as neighboring countries such as Poland, Romania and Hungary. But global IT and engineering services firms such as Appam, GlobalLogic and Softserv have large distribution centers in Ukraine and are now evaluating other markets for business continuity, especially India. US-headquartered Appam, which has more than 12,500 employees in Ukraine, has already withdrawn its first quarter guidance and 2022 financial outlook due to uncertainties.
“The company is actively working to relocate its employees to low-risk locations in Ukraine and neighboring countries. Business continuity across multiple locations in Central and Eastern Europe, Latin America and India,” Appam said in a statement. Executing plans and expediting hiring.
Peter Bender-Samuel, founder of outsourcing research firm Everest Group, said the environment presents a great opportunity for Indian firms between service providers and global business services (GBS)/captives, “with the potential to have over 100,000 FTEs (completed)”. time equivalents/employees) who will be affected and out of the global workforce due to war and sanctions”.
Prashant Shukla, VP, Everest Group, said the position adds to an already challenging talent environment, especially with the talent pool in these directly affected geographies having a good element of specialized skills around next generation technology. Ukrainian software developers are recognized as one of the five strongest IT communities globally, given their expertise and high English proficiency.
“Ukraine is one of the top destinations for offshore and near-coastal third-party services, especially for engineering and IT skills,” said Quess IT Staffing CEO Vijay Sivaram said. Industry executives spoke to TOI. In the medium term, the conflict will bring more Eastern European clients to Indian IT services companies. Top-tier IT services firm TOI declined to comment, but said they were closely monitoring the development of the sector.