Today, India Inc selected the WEF meet to deliver a tough message that Indian information technology companies are generating and not taking possession on jobs in upset western economies, as HCL Technologies reveal almost 10,000 jobs for locals in Europe and United States. Otherwise of being a threat, advanced economies like in India serves as a big help to Europe, this is based on the message from the British Prime Minister David Cameron’s advice to the EU or European Union.
He added that, by the year-end, fixing an FTA or the Free Trade Agreement would be in the Europe’s sympathy. To discuss the Euro crisis, they need to have a checklist, the FTA would be a great help, by the end of the year the respective trade agreements and EU trade contracts with regions like Singapore and India with others will be settled. His meeting in Brussles, the EU headquarters comes across the delay in trade-opening agreement with India.
In the next five years, HCL would generate 10,000 local jobs in Europe and the United States, announced by HCL Technologies’ vice chairman Vineet Nayar after President Barack Obama strikes out versus outsourcing. He said that corporations in today’s era of globalization require to generate jobs wherever they will go. The concern in outsourcing is getting unreal since elections are approaching, the United States has become hasty and dissatisfied when it comes to jobs.
As Indian companies go overseas, they really create jobs there, said by the chairman of Mahindra Satyam Vineet Nayyar as he refers in generating jobs in the western economies from where they get volume of business. The German Chancellor Angela Merkel also plans to invest in Europe to generate jobs. The American firms should be able to prevent paying its fair share of taxes by transferring jobs and profits abroad. Today, multinational company required to pay a basic minimum tax and every local companies who wish to stay and generate jobs should pay lower taxes, Obama addressed in his State of the Union as he hits outsourcing.
The focus is on creating jobs in the middle of economic issues and growing unemployment rate in the western countries. The job creation was the only issues both in developed industry and growing markets, said by the Citigroup chief Vikram Pandit. In the next 10 years, 400 million new jobs could be required to be created, he added. Almost $60 billion revenues from overseas markets gets by the Indian IT industry and it is based on outsourcing of business processes of the Western firms.
In the next 10 years, the immediate attention is required to generate 600 million new jobs, said by the International Labour Organization. The ILO said that with one in three workers all over the world or an approximated 1.1 billion people either living in poverty or unemployed, the jobs crisis remains unstoppable in spite of tough government efforts.
REFERENCES:
http://profit.ndtv.com/news/market/article-we-are-creating-jobs-in-us-europe-india-inc-to-obama-296609
http://news.taaza.com/news/861415-we-are-creating-jobs-in-us-europe-india-inc-to-obama.html
http://www.ibsanews.com/we-are-creating-jobs-in-us-europe-india-inc-to-obama/
