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New Delhi, Aug 7 Global outsourcing transaction volumes rose 10 per cent during the second quarter over the first quarter this year, fuelled by contracts signed by financial services and manufacturing firms, according to a report by Everest Research Institute.

While Asia continued to corner the largest share of offshore centres established in Q2 2009, India maintained its leadership by attracting investments in Tier-1 and Tier-2 cities such as Coimbatore, Mumbai and Chennai, it said.

Out of 27 new captives , nine new captive announcements were in India, Everest said adding that offshore suppliers also witnessed an increase in demand for fixed price contracts.

“There has been significant increase in the market activity as compared to Q1 2009 in terms of transaction signings and captive set-ups. The vendors are seeing some stability in the financial services sector ,” said Mr Nikhil Rajpal, Principal, Everest Group.

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