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HS Code
An HS Code is a globally accepted six- to 10digit number used to dictate the fees and restrictions associated with goods crossing a border. Globally, there are hundreds of thousands of HS codes, each representing a different tariff or potential trade restriction. International trade requires that these codes be assigned (i.e., "harmonized") prior to any goods crossing a country border.
Many services are offered: the Indians have moved up the value chain
Program Management Consulting Application services Infrastructure services Business process outsourcing
Architecture, IT strategy, process, quality, strategic sourcing Testing, app dev, maintenance, prod support
Monitoring, server mgmt., DBA, DT mgmt. Contact centers, collection services, KPO (research/analytics), mortgage processing, legal services, tax preparation, claims processing
References
Infosys Global Sourcing - http://globalsourcing.infosys.com/cases/case-studies.asp Cognizant - http://www.cognizant.com/html/news/cogcommunity/cc2006_euroPresent.asp Outsource World.com - www.outsource-world.com/newyork/pdf/Jim%20Murphy.pdf Wipro - www.wipro.in/resources/events/no2_+idc.pdf Accenture - www.accenture.com/NR/rdonlyres/928C5220-C4E6-4AAE-AEC9ED19731E25C0/0/Globalsourcinginpractice.pdf Rediff Economic Times Website (http://economictimes.indiatimes.com/)
Wikipedia
Forrester Research