Outsourcing of jobs not charity: Yashwant Sinha

Friday, 28 November 2003, 08:00 Hrs
Printer Print Email Email
NEW DELHI: India Friday bluntly told the Western countries that if they wanted to compete in the international market they would have to outsource jobs to India.

"We are cheaper. We are better. If you do not (outsource jobs to India) you will not be competitive," External Affairs Minister Yashwant Sinha told the India-European Union (EU) Business Summit here.

"Nobody is doing it (outsourcing jobs) out of a sense of charity," he said.

Instead of seeing it as a "new threat" these countries would do well to show maturity and "deal with it in a reasonable manner," Sinha said in a reference to the protests in some countries against outsourcing of jobs to India.

He then went on to explain why India is so good. With more than two million graduates, 200,000 engineers and 300,000 technically qualified youths passing out of Indian universities every year, India has the largest number of qualified professionals.

"We are one of the largest suppliers of skilled personnel in the world. Indian professionals are all over the world. India has spread its human resources all over the world," he said.

He said it would be wrong to think India's strength was only in the field of information technology. "India's strength extends to all areas of science and technology" and that was why 30 multinational companies had set up their research and development bases here, he said.




Source: IANS
SPOTLIGHT
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..