Infosys has demonstrated India's competitive advantage

The war for talent in the IT sector has provided a golden opportunity for India - home to some of the brightest IT professionals in the world.

Infosys, a global name in the IT sector, says the key to success is to allow high-calibre Indian employees to lead the business, while developing global partnerships at the same time.

"It has used the advantages in India, in terms of availability of talented people, in terms of the global delivery model, in terms of a 24-hour work day and providing value for money for the customers," explained Narayana Murthy, chief executive of Infosys Technologies.

Shared knowledge

Many of India's businessmen visiting the UK hope to share their knowledge and discuss how to build and sustain a competitive advantage in the IT sector.

"I hope out of this, we can continue to build many partnerships among companies to move in the area of labour reforms and reforming infrastructure, particularly the power sector," said Mr KV Kamath, chief executive of ICICI.

They are also promoting their plans to demonstrate how UK financial services companies can outsource their IT to call centres in India, for example.

"You cannot afford to be reactive you have to be proactive," added Mr Kamath.

Information technology has transformed the banking system in India and made banks more competitive, said Mr Murthy during the keynote address at the seminar.