IT Industry Stares At Jobless Growth

IT services industry is staring at jobless growth because its top employers are focusing on automation to improve productivity and deliver services while they battle shifts in technology to remain profitable.

Capgemini says it plans to do more R&D work out of India

Capgemini Group, a French information technology services firm with half of its global workforce in India, is planning to make the country its “backbone” by doing more research and development (R&D) work out of India.

Capgemini acquired Bengaluru-based IT services firm iGate Corp. in July for around $4 billion (Rs.26,500 crore) in cash, creating an entity with a combined revenue of $14 billion.

India to become Capgemini’s default offshoring location soon

Cap Gemini SA, the Paris-based consulting and software services firm, is trying to save costs by farming out more work to its centres in India and hiring freshers from colleges.Capgemini, which has software development centres in more than 10locations outside France, including smaller ones in Poland, Morocco and Vietnam, wants to make India the default offshore location, said Aruna Jayanthi, chief executive of Capgemini India Pvt. Ltd, in an interview last week.