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Offshore Outsourcing World: UK Gained 16b Last Year, Thanks to Outsourcing
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Monday January 10, 2005 at 6:14AM - Offshore Outsourcing World Staff

UK Gained 16b Last Year, Thanks to Outsourcing

Britain announced on Monday that the UK gained 16b in profits through outsourcing, specifically outsourcing to India.

"British economy gains 16 billion pound sterling in 2004 because of offshoring and more British companies will outsource work to India for skills that are in short supply in UK," Digby Jones, the director general of Confederation of British Industries, told newspersons in New Delhi.

For cheap manufacturing British companies would go to China while for high-end manufacturing and services India would be their destination, he said.

Jones went on to say that Britain was in favor of outsourcing, as this freed up many people and enabled them to pursue high-end work.

The UK is expected to increase outsourcing efforts to India this new year.

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