Financial Daily from THE HINDU group of publications
Friday, Feb 06, 2004
Financial Daily from THE HINDU group of publications Friday, Feb 06, 2004 |
||
|
|
||
|
Info-Tech
-
Outsourcing US official allays fears over Bill Our Bureau
New Delhi , Feb. 5 THE move by the US Senate to restrict outsourcing of Government contracts is `narrow in scope' and will be in effect only till November, according to Mr David A. Gross, US Deputy Assistant Secretary of State. "The recent curb is very narrow in scope and this legislation doesn't focus only on India - it is for all countries," Mr Gross said, adding that the measure would not have any impact on Indian businesses. The US Senate recently approved a Bill that seeks to prohibit private contractors from outsourcing their Government contracts to other countries to cut costs. Indian software and business process outsourcing companies fear that this move would affect their business as the US is their largest market. Stating that the issue of jobs was a "very sensitive" one in the US, Mr Gross said that while the US market was "extremely open", other countries also needed to have a similar policy.
More Stories on : Outsourcing
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|