Outsourcing of jobs to India is likely to become an issue in the coming US Presidential elections despite efforts by the Indian industry to show that a reverse wind has started blowing, CII President Sunil Bharti Mittal said.
"Outsourcing may become an election issue although we have impressed upon US political leaders like Hillary Clinton not to make it an India debate," Mittal, who led a CII delegation to US, said on his return.
Outsourcing by US companies to low-cost destinations was an issue in the last presidential elections also, with those opposing the trend saying it takes away jobs from Americans.
In a meeting with Senator and Democrat Presidential candidate Clinton, the CII delegation tried to drive home the point how American companies were benefitting from outsourcing critical services to Indians who, in turn, are giving them a global competitive edge.
They also informed the American leaders about the trend of reverse outsourcing, where globalising Indian firms were giving service contracts to US companies.
"We brought to her notice a billion dollar service contract to IBM by our own group Bharti. In fact Clinton has asked me to give her details of this contract because IBM is located in her constituency," Mittal, Chairman of Bharti Enterprises, said.
Other issues which the CII team discussed with American leaders included the India-US civil nuclear deal, India's demand for raising the H-1B visa cap and the progress on the Doha round of global trade talks.
http://www.financialexpress.com/latest_full_story.php?content_id=166674
"Outsourcing may become an election issue although we have impressed upon US political leaders like Hillary Clinton not to make it an India debate," Mittal, who led a CII delegation to US, said on his return.
Outsourcing by US companies to low-cost destinations was an issue in the last presidential elections also, with those opposing the trend saying it takes away jobs from Americans.
In a meeting with Senator and Democrat Presidential candidate Clinton, the CII delegation tried to drive home the point how American companies were benefitting from outsourcing critical services to Indians who, in turn, are giving them a global competitive edge.
They also informed the American leaders about the trend of reverse outsourcing, where globalising Indian firms were giving service contracts to US companies.
"We brought to her notice a billion dollar service contract to IBM by our own group Bharti. In fact Clinton has asked me to give her details of this contract because IBM is located in her constituency," Mittal, Chairman of Bharti Enterprises, said.
Other issues which the CII team discussed with American leaders included the India-US civil nuclear deal, India's demand for raising the H-1B visa cap and the progress on the Doha round of global trade talks.
http://www.financialexpress.com/latest_full_story.php?content_id=166674