U.S. got 7K jobs via Indian IT cos in August
By siliconindia   |   Wednesday, 15 September 2010, 15:31 IST
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U.S. got 7K jobs via Indian IT cos in August
New Delhi: Indian IT companies were responsible for the creation of 7,000 jobs in the U.S. in the month of August. This figure comes to forefront at a time when the U.S. is resorting to protectionist measures. Anand Sharma, the Union Commerce Minister revealed that about 2.5 lakh jobs have been created in the U.S. by Indian IT companies over the last three years. Sharma said, "In times of crisis, countries tend to look inwards but protection can be counterproductive. This is the time to encourage global trade flows." Recently news from U.S. was that the country was hiking professional visa fees and clamping down on outsourcing, in an effort to save its 'jobs'. These measures were met with strong criticism from the Indian Inc. In a bilateral trade policy forum meeting, these current issues will be put up for discussion. The meeting will be chaired by Sharma and U.S. trade representative Ron Kirk. The Commerce minister is hopeful of arriving at results on these issues. He said, "We remain optimistic about the whole scenario but responses need to be calibrated."

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