Saturday 24 March 2012

We're good for America, says Indian IT

Fear of anti-outsourcing rhetoric will continue to take center stage in U.S. presidential elections this year, Nasscom, the Indian information technology industry body, a report that a member of a small company in America to support 280,000 jobs, which is battling high unemployment has been issued.

Report, 'India's tech industry in the United States, titled, The Indian IT industry in general and a special contribution to job creation and community level in terms of developing roots of the U.S. economy.

While the overall unemployment rate has been increasing in the United States, the United States, Indian IT firms to report directly to the United States in the last five years, employment has almost doubled, from 107,000. United in Joblessness, in February 2012 at the latest available data is successful, it was 8.3 percent, down 9.9 percent from January last year.

According to Nasscom report, the Indian IT sector in the United States supports 280,000 jobs, which has direct and indirect employment. Most of these indirect jobs in various sectors of the economy, and that there are at each stage. "This (the release) for the intensity of our significant investment in India is based on the number of back pains and benefits of IT and BPO (business process outsourcing) to firms in the U.S.," said Nasscom president Som Mittal.

"This partnership is a continuation to the next phase of investment in both the state and the other to see unlimited expansion. We look forward to a greater engagement in the future, the company works closely with the shape of their growth.

A report on the U.S. presidential election in November, this year has come for the relationship. January during his State of the Union speech, President Barack Obama on outsourcing by U.S. firms moving back home to work to bring the concerns raised. There are reports that the U.S. law, American companies that operate call centers in their five years of guaranteed federal loans and grants to outsource will be ineligible for the offer.

$ 70 - billion Indian IT industry from the U.S. market for most of the business derives. However, as the economic recession, U.S. visa and to protest against the Indian outsourcing companies have been pushing to expand to other areas of the strict rules as to the cause.

However, most Indian companies in recent years, their campus recruiting efforts of the United States and four times in the next two years until the plan is to increase the number of offers.

Nasscom says the Indian IT company to report the number of seats (work) is about 10-fold increase in the last five years by the United States increased their investments in local centers. Of the total seats in the next five years is expected to increase 50 percent.

California, Texas, New Jersey, Illinois, Michigan and New York account for half of the direct jobs supported by industry.

In addition to creating jobs, the report says the Indian IT industry has been the U.S. Treasury $ 15 billion in tax dollars of the last five years, to help the economy out of recession. In addition to the other Indian IT Was slightly more than 128 acquisitions over $ 5 bn investment. The growth achieved by Indian companies in the United States increased from 54 percent in 2009-10 to 41 percent in 2008-09.

Industrial innovation center has been set up to develop the next generation of technology to drive the U.S. economy made the commitment. In addition, significant investment in the Indian IT industry has developed roots deep in American society, it said. The estimated half-million American lives are touched.




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