Outsourcing from India instead

In a surprising reverse of job shifts, it is now actually India’s turn to outsource. In light of the uproar over jobs being sucked out from developed countries and into the laps of workers from lower-costing countries, it would come as a refreshing break to hear of jobs generated by India, instead of for it.

New Delhi-based HCL Technologies has shown interest in recruiting 600 employees from Belfast and London for back office and helpdesk functions for the banking and retail industries. This is on top of the current 2,350 headcount in the UK. British PM Tony Blair recently flew in for a two-day visit to look over plans put forth by the Indian IT company. This provides assurance that Britain’s service sector remains a strong presence despite the rise of other competing countries for offshoring destinations,

An HCL executive points out, "After the scare stories over the loss of service sector jobs to India, it is music to Tony Blair's ears that Indian companies are investing in the UK."

related stories, by category: