Outsourcing is not new to the country like India. It started constructed in the 1960s. Business Process Outsourcing (BPO) is a long-term contract out non-core business processes to outside provider to help achieve increased shareholder value. BPO saves precious time and resources and allows focus management when developing core competencies. After BPO, India has now set its sights are becoming a global center for Knowledge Process Outsourcing (KPO). Knowledge Process Outsourcing (KPO), a new term has been developed for business relating to patents and intellectual property.As India is the English-speaking scientific manpower pool in the world's second largest after the United States's most global competitors expect India to outsource their IPR needs related to patent searches, prior art searches, infringement and validity searches etc,.
In the survey it was found that Indian graduates are valued at 50% + lower than initial setup cost the U.S. and half that in the U.S. According to Rick Wills, CEO, Tektronix Inc. "In India, creating a free-market reforms in the world's largest office again, transforming the country into a The main strengths in IT, outsourcing, and service delivery of critical applications. "Confederation of Indian Industry (CII) study states that KPO will grow 46 percent to $ 17 billion in the sector in 2010. BPO industry, only 26%. Global KPO pie in 2010 will be approximately $ 17 billion is $ 12 billion (70%) will be outsourced to India. "So KPO will be global hub for countries like India. Areas with significant potential for KPO include medicine, biotechnology, and ICT, in addition to legal aid, the intellectual property and research and design development for the automotive and aerospace industry, CII stated.KPO involves high-end processes like valuation research, investment research, patent filing , legal and insurance claims processing, patent and prior art searches, etc.
India with the knowledge base and lower costs will lead to economic businesses.The race pack KPO industry is driven by the change and therefore there is a need to protect your innovations to make money from them. Protection of intellectual property companies require an investment of time and money planning. There are many ways in which you can protect your invention to prevent other people making money from your efforts. When a company starts thinking about a new project or will be filed for a patent for a new product is developed, it is proposed to conduct a state-of-art or prior art search. services provided by many companies in India KPO reasonable costs and good quality.Thus assumed that KPO will be the global hub among Indian students in the near future, with more demand for those skilled in this field.