Russian IT Outsourcing Market Grows to $1Bln in 2007 — Intel Chief
The chairman of the Russian branch of U.S. semiconductor giant Intel Steve Chase told the Russian Economic Forum in London that the country’s IT outsourcing market will reach $1 billion in 2007.
Apr 24, 2007
Speaking on Monday, April 23, Steve Chase told the forum’s participants: "Hundreds of companies are investing in Russia in outsourcing — this market is going to reach a billion dollars this year."
Large foreign firms have realized that there are "fantastic programmers [in Russia] they can’t find in the U.S. or India," and are increasingly delegating projects to Russian companies, he said.
"A vibrant IT market is developing in Russia. People know you have to be in Russia because it’s a very fast growing market," Chase added.
Intel has invested $700 million in Russia in the last 15 years, while aircraft construction giant Boeing and telecoms equipment firm Motorola have also set up centers there employing local engineers.
Chase added that Google and HP have recently arrived on the Russian market.
Large foreign firms have realized that there are "fantastic programmers [in Russia] they can’t find in the U.S. or India," and are increasingly delegating projects to Russian companies, he said.
"A vibrant IT market is developing in Russia. People know you have to be in Russia because it’s a very fast growing market," Chase added.
Intel has invested $700 million in Russia in the last 15 years, while aircraft construction giant Boeing and telecoms equipment firm Motorola have also set up centers there employing local engineers.
Chase added that Google and HP have recently arrived on the Russian market.