tag:blogger.com,1999:blog-5911535.post-44168439404961229262007-08-29T05:11:00.000-07:002007-08-29T05:13:58.418-07:00<strong>Forget low cost! Pay more, Infosys tells US clients</strong><br /><br />Infosys will charge new customers between 3 and 4 percent more and will seek to negotiate a 2 percent increase in rates on existing contracts.<br /><br />rising attrition, employees moving overseas and taking up foreign job offers has proved a major deterrent. The only way to get out of the ‘falling earning’ trap is now to increase the price globally for the software exports.<br /><br /><br />An expensive contract to the foreign clients means that the ‘low cost advantage’ that the Indian IT firms had so long been associated with will cease to exist.<br /><br /><br />India is no longer going to be ‘low cost destination’. It also implies increased pressure to raise standards and improve quality to match higher prices and global competition.<br /><br /><br /><a href="http://www.ibnlive.com/news/forget-low-cost-pay-more-infosys-tells-us-clients/47665-7.html">Read the whole thing here</a>Pathttp://www.blogger.com/profile/16147999773039532704noreply@blogger.com