With Russian aggression showing no signs of dropping, IT companies in Ukraine are focusing at India to set up Off shore Development Centres (ODCs). “In the last one month, we got nearly 70 inquiries from IT companies based in Ukraine to look at the possibility of setting up Off shore Development Centres in India,” said PS Viswanath, MD & CEO, Randstad India, a recruitment firm.
IT firms in Ukraine are badly affected and peering at large penalties from their clients if they don’t deliver. All their employees have evaporated to Poland and Belarus. They are in a helpless situation, and turning to India. Companies in banking, utilities, oil and energy are the major sectors that could also be looking for Indian talent in the upcoming months, he added.
Ukraine is the prime IT outsourcing place in Central & Eastern Europe with GlobalLogic, Ciklum and Luxoft being some of the big companies that could look at India. By the way, Ciklum — in which former Cognizant CEO Francisco D’Souza’s technology investment platform Recognize has invested and has a large centre in Chennai.
There are several inaugurated IT services and product engineering companies with a notable presence in Ukraine. Nationally, around 50,000 technology professionals are servicing over 5,000 clients, producing over $5 billion of export revenues from, said research firm ISG.