Emerging Opportunities - Emerging Economies |
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Blog >> Automotive and Others
Written by Sushil Rajpurohit
Well everyone in solar talks about large power plants - Megawatts and Gigawatts of project capacities and installation around globe. But surprisingly no one talks about Huge and enormous multi billion opportunities in India which is untapped. No, these are not large solar parks or projects but these are “off grid” products and solutions or in other sense “decentralized power”.
One industry that is not doing bad at all, even during these troubled times is the “Legal Process Outsourcing”. Industry has witnessed 50 percent growth (year-on-year) for the last 7+ years. The demand for legal activities has grown from across sectors and verticals. Advantages for clients include:
• Average saving of 30%-70% per transaction to the firm/legal dept.
• Sets the stage for re-engineering of internal processes
• Employee morale and performance improves
So what are the questions "new entrants" need to get answered, to make sure that they can start and grow successful businesses. To start with one important aspect that they can learn about are the presence of any entry barriers. As part of this research we talked to people in the LPO industry and asked them an important question for start-ups in LPO - What are the qualifying conditions in a typical RFP?