BPO Boom Continues with Foreign Direct Investments
Macmillan India Ltd joins the outsourcing boom by opening a book-typesetting unit in India. The company plans to hire 325 people by 2006, and is also looking at buying more units in the BPO book publishing business.
Already, Macmillan India employs 2,200 of the 7,000 Macmillan workforce. Notably, 1,500 of these are outsourcing workers.
Macmillan India Managing Director Rajiv Beri expects the new unit to generate revenues of $4 million by 2006.
Macmillan UK CEO and Macmillan India Chairman Richard Charkin said, "We want to invest more in India. The Bangalore operation will rapidly become a global center of excellence for Macmillan, playing a key role in providing new and additional world class services for our customers."
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