Offshore Development Companies (ODC) have gained their importance in the last decade and have proven to be a better business model for many companies across the globe. Offshore Development Centres work as an extension for your business. It is a dedicated space that works towards delivering your IT needs that can be run from anywhere across the globe allowing you to focus on the other aspects of your business. Offshore Development come as a solution where the companies are looking for an economically viable option.

With the pandemic creating chaos all around the globe this year, companies have had to shut down multiple verticals of their businesses while trying to cut down costs. This has led many players in the market to look at ODC as a feasible alternative. Outsourcing IT operations to countries where the cost of living is lower while the quality of the products/services is well maintained has opened a new avenue for businesses.

Choosing India to Setup your Offshore Development Company

In recent years, the Indian market has proven its worth in terms of outsourcing the IT operations for the very obvious reason being that it offers one of the brightest of the pool of talents. Over providing the best resources, the Indian market also demands a lower expense as compared to the developed countries across the globe. As per a source online, Offshore Development Centres in India are reporting 45 to 60 per cent annual growth. Gartner Group predicts that within two years, 40 per cent of its clients will spend up to two-fifths of their legacy budgets especially to setup Offshore Development Company in India.

If you are considering to outsource your IT operations to a country such as India, below are the points to be considered while taking the call:

 

  • Knowing the Market and its Offerings

 

Before choosing the right partner, make sure you study the market thoroughly. The economic understanding of the location plays a huge role in helping you decide which country to choose for your business extension. Also understanding the country’s policies and offerings is crucial to figure what’s beneficial for your business.

 

  • Finding the right Offshore Turnkey Project Provider

 

Choosing the right partner is important. While outsourcing operations, you are hiring yourself a business partner that is going to look after an entire vertical for your business. Selecting the wrong partner can ruin your plans and can cost you a heavy amount of time and money. Find a right partner that can take care of all the hassles so you don’t have to invest unnecessary time behind getting things done such as:

  • Hiring the best affordable resource on your behalf
  • Reducing costs without compromising on quality
  • Providing a quick turnaround time for your product
  • Gathering a result-oriented team with experience
  • Providing a clearly articulated billing mechanism

 

  • Set up Payment Transfers and its Approvals

 

Before starting your operations, make sure your billing systems are in place. You do not want to get into the hassles of constant communications throughout the project duration. Billing and payment transfers consume a lot of time and may also affect the smooth-going of the process. Hence it is advisable to sort out your payment process before-hand. Same is the case with the project facilitator you are willing to partner with, understand how seamless and effective their billing mechanism is.

 

  • Know the Company Structure

 

Whether an LLP or a Private Limited firm, you must be well aware of the structure of the company is before joining hands with them. Make sure you understand the kind of outsourcing services they offer. Try and find a company that provides you with a 360-degree solution and not just bits & parts of your needs so you do not have to take the hassles of the rest upon yourself or find multiple companies to get your work done.

 

  • Fulfilling the Documentation Requirements

 

Is the company capable to look after your documentation processes to start operating from a new market altogether? Always choose a company that can take care of these processes on your behalf. Since the market is new, you may need help in terms of understanding how the local system functions. Understand how much the company is ready to take up on your behalf and make things easier for you.

 

  • Find Yourself a Space Provider

 

Check whether the project partner can also provide your team with proper workspace facilities over and above the rest of the services. Your office needs must be met as per the local market scenario and the work environment must let your team members be able to utilize the most of their work hours from a dedicated workspace.

Though it may seem a little difficult to find a service provider that can cover all your needs, it is not impossible. There are many companies such as DevX, an end-to-end offshore development service provider, that can make your outsourcing experience pleasant and fruitful. Setting up a new facility anywhere in India can be a hassle-free experience with DevX.

Right from the Entry Strategy to the entire Project Management, DevX provides all the services your business needs to start operating from India. While choosing the right partner, make sure they cater to all your needs and help you establish your ODC successfully. The top-level services to look for are:

  • Entry Strategy
  • Setting up a Company
  • Due Diligence
  • Company Secretarial Support
  • Staff Sourcing
  • Short-term/Long-term Project Management
  • Market Research & Study
  • Your India Office

Catering to a varied range of sectors to fulfil your business consulting needs, DevX helps you globally expand business in India. Finding the right partner for setting up your operations in a different country is crucial especially in an uncharted market. Make sure you are making the right decisions before investing money into it!