India Inc creates 40,000 jobs in US; invests $6 bn!
Indian firms have invested $6 bn and created 40,000 thousand jobs in the US. Quite a few of these jobs have been going to Americans. Launched in June 2006, a conglomeration of 34 Indian companies represented in the India Business Forum, has invested in diverse sectors such as technology, pharmaceuticals, manufacturing and gems and jewellery. The Tata Group has been the highest investor with investments of over $2 bn in the last two years through acquisitions and mergers in the USA. 16 companies of the group, from hotels to manufacturing, employ 16,000 people including 5,000 Americans!
2007-11-29 22:16:47 · 10 answers · asked by anjana 6 in Business & Finance ➔ Corporations
Its all business game...any business man thinks of his profitability .it becomes his first priority, well all these days india was a preferred choice for many other countries coz they were more profitable here than many other countries thats why we've seen the economic boom....
2007-11-29 22:42:35 · answer #1 · answered by Rapa 6 · 1⤊ 0⤋
Well thats a buisness sense. I work for an american incorporated company for the last 2 years being in india. Ther are lot of jobs however it depends on what do you want.
If you are a skilled person then you should'nt have asked this questions. It is the same happening in America. People are jobless their as well.
You need to find the are of intrest and search for a jon in an indian comp or amearican company.
That is a buisness practice and you should't get involved in it on a open forum..................
2007-11-29 22:32:29 · answer #2 · answered by RAHUL K 2 · 1⤊ 0⤋
Aren't American companies offering jobs to Indians in their establishments located in India?Trust corporates to know their beans and go for cost effectiveness by whatever means it can be done.In the corporate regime what matters most is profits and some more and issues like nationality has no meaning unless forced upon them.By the way,in many cases it may turn out to be cheaper to employ Americans than import Indian manpower or the availability of expertise may be an issue.Incidentally,even if all such jobs are given to Indians,it wouldn't make even a dent in to the unemployment figures of India.Lastly,let's remember that we are operating in a free market now.
2007-11-29 22:40:33 · answer #3 · answered by brkshandilya 7 · 1⤊ 0⤋
Hi Man,
Your are a person with a narrow vision. Should it be a rule of the thumb, when India companies operate in USA, require staff on certain assignments, they should recruit from India. ??? The Indian companies are there to make their money and send back home allowed profits. It is but natural they offer job locally & perhaps that is one condition they have been allowed to operate in USA.It is give ans take. I am sure you only know to take, as per your question.
Your joblessness, is the concern of your Elected governments, & not of USA Admnistration. You guys go there with cheap mentality, & life style, without much of civilized upbringing & really spoil the place, for much better Educated Indians there.
2007-11-30 03:19:20 · answer #4 · answered by rvlcol 2 · 2⤊ 0⤋
that shows the spirit of commerce. When Americans in India, offer outsourcing jobs to Indians in India, you want the Indians to offer those jobs also to Indians ? How mean. That would be discriminatory. Indians in America, what gave you the idea, that they are in love with Indians, and thier values? They love their business, as the first principle. Then they love thier fatherland, motherland etc. They offer to americans, because ( a small secret here) when the top executives speak a policy or other secret matters, which they dont want thier EMPLOYEES to eavesdrop on , they would speak in Hindi or thier vernacular language. That is why they do not employ Indians, because frankly speaking, we indians do not know how to mind our own business.
2007-11-29 22:45:10 · answer #5 · answered by raseema 3 · 1⤊ 0⤋
By your very narrowminded ShivaSena type logic, all the foreigners working in American tech companies such as Microsoft, Apple, etc should be fired and replaced by Americans! Even the Americans put a brave face when their jobs were outsourced to India and other countries with cheap labor.
2007-11-30 07:18:47 · answer #6 · answered by Anonymous · 2⤊ 0⤋
Common....Why don't we ask that why US companies are giving job ti Indians in India when actually these jobs are snatched from US citizens. Its business. Nothing personal dear.
2007-11-29 22:35:21 · answer #7 · answered by v j 2 · 2⤊ 0⤋
Thats business sense. Don't we feel happy when a lots of jobs are outsourced to India. Accept it.
2007-11-29 22:19:45 · answer #8 · answered by strange_raga 4 · 1⤊ 0⤋
Hm...because America is a free country. If they turned down Americans, it would be discrimination. Because the company is funded by the government, they can't discriminate. But if this company was privately funded, they could turn down anyone for any reason.
2007-11-29 22:21:07 · answer #9 · answered by Oswald 2 · 1⤊ 0⤋
in global economy, we have to accept it. when other countries offer job to indians, indian cos also can do so to others.
2007-11-29 22:30:06 · answer #10 · answered by Anonymous · 1⤊ 0⤋