US cos to up India ops despite Obama’s anti-outsourcing call

[OhioChick]

Source: The Financial Express

Friday, Feb 12, 2010 at 2305 hrs IST

Mumbai: Notwithstanding US President Barack Obama's anti-outsourcing stance, the US technology and consulting majors are scaling up their operations in India on the back of anticipated increase in demand for off-shoring.

In the offing are---expansion of existing delivery centres in India, setting up of new facilities and scaling up of captive centres by MNCs as their clients start rolling back outsourcing contracts.

Consider this, one of the top global IT player---CSC, which has around one-fourth of its global workforce (around 92,000 people) in India, is planning to add around 5,000 more in the country over the next 12-18 months. CSC India group president Vivek Chopra told FE that the company will increase the total percentage of its offshore workforce from 40% to 50% adding that he is not too worried about Obama's statements.

American technology and consulting giant Accenture too plans to increase its headcount in India from 42,000 to 50,000 by August. "According to our conversations with top clients, we expect tidal wave of growth to hit the outsourcing industry by mid-2010. It will be a mix of pent-up demand from the pre-recession times and new initiatives from clients which are yet to be formally communicated to IT players. The revenue flow will pretty much take the industry by surprise," said Peter Lowes, principal, Deloitte Consulting LLP and leader of the firm's Outsourcing Advisory Services practice.



Read more: http://www.financialexpress.com/news/US-cos-to-up-India-ops-despite-Obama-s-anti-outsourcing-call/578657/

[ihavenobias]

1. I'm waiting for that "stance" to translate to actual policy.

Of course that wait applies to several critical issues.

[old guy]

2. Unfortunately this type of thing will continue until

regulations are put in place to make it unprofitable. Keeping jobs in this country must become a top priority as every job kept here is one less we have create to replace it.

[gateley]

3. Exactly. Until it can be more profitable for a company to keep jobs here, they

will continue to outsource. We have to keep working on creating new jobs here, and bringing back the ones that SHOULD still be here.

[Vincardog]

4. How about we list the names of the outsource-rs and boycott them? Start with BOA

[ChromeFoundry]

5. Agreed-that would be one hell of a list. n/t

[Vincardog]

6. GEt your state to move its' money to local banks and Credit Unions!

[JDPriestly]

7. Reminds me of an old story.

A man and his wife had the good fortune to possess a goose which laid a golden egg every day. Lucky though they were, they soon began to think they were not getting rich fast enough, and, imagining the bird must be made of gold inside, they decided to kill it. Then, they thought, they could obtain the whole store of precious metal at once; however, upon cutting the goose open, they found its innards to be like that of any other goose.

http://en.wikipedia.org/wiki/The_Goose_That_Laid_the_Golden_Eggs

America was the golden goose. The greedy on Wall Street, in our government and in our mega-corporations were awe-struck at how hard-working and productive we were. But when we got hungry and demanded a fair share of the wealth that we were creating for our greedy masters, Wall Street, our government and our mega-corporations looked for cheaper employees, outsourced our jobs and left us to waste away.

So here we are, slowly dying, while the vultures on Wall Street, in our government, in our mega-corporations and in the leadership of the countries to which our jobs were outsourced pick at the little flesh remaining on our bones. Soon nothing will be left of us and then . . . . . You finish the story.

[JoeyT]

8. Time for a sternly worded letter!

Followed by a retraction and apology.