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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

Where in the world CEOs long to be?

ST Team
Wednesday, April 30, 2008
ST Team
It seems we need not worry about the so-called brain drain, at least for now. Top executives in several multinational companies in India are declining offers for senior-level assignments abroad as they do not want to miss opportunities in India.

Yes, this part of the earth is becoming one of the hottest destinations for expatriates (of both Indian origin and foreigners) for top jobs, thanks to the hefty pay packages being offered by big business houses in India. These pay packets are equivalent to, or sometimes above, the global benchmarks.

This is a key finding of a study of senior recruitment trends by the U.S. based SpencerStuart, a leading executive search firm that recruits CEOs, presidents, and COOs for companies globally. The company recruits CEOs for almost half the Fortune 500 companies.

In the key sectors like retail, real estate, power, oil and gas and refining, and transportation and logistics Indian business houses are offering annual salary packages ranging from $750,000 to $1.5 million.

Nearly half the CEOs and COOs recruited in these sectors are foreigners including non-resident Indians.

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