Ramalinga Raju’s confessions of a goliath financial fraud in the books of his company, Satyam Computer Limited, may have made outsourcing customers anxious, but they are not ready to give up in India as yet.

Satyam customers such as Tesco, Nestle and Caterpillar are saying that they will continue to India as it is still an attractive outsourcing destination says a report published in the Economic Times. The fundamentals are still attractive despite the Satyam debacle. And more importantly, the presence of an educated workforce with ambition and the numbers of innovation happening here had made the CIO of Tesco still interested in India.

what has happened. You have an educated workforce with ambition, and most importantly, there is a lot of innovation happening here,” Mike McNamara, director operations and information technology at Tesco, the top supermarket group in the UK, told ET.

“The Indian offshoring story remains intact in the long run and we will move more work to the country going forward,” the paper quoted Mike McNamara, director operations and IT at Tesco. Without providing details of Tesco’s annual IT spend, Mr McNamara said that his company will accelerate offshoring to India.

Swiss-based Nestle, one of Satyam’s top customers, said the Indian company had assured it of normal continuation of services despite its troubles. Nestle, which also works with TCS, spends around $50 million every year with Indian vendors. The world’s biggest food company is one of Satyam’s key customers, especially after Satyam helped it roll out a key solution based on SAP’s software platform.