DKSuddeth
Senior Member
http://www.hinduonnet.com/thehindu/holnus/006200404081701.htm
Infosys reverses outsourcing trend
Bangalore, April 8. (AP): Infosys Technologies, which has risen to become the country's second-largest software maker thanks largely to outsourced work from the West, plans to reverse that trend by investing US$20 million to create nearly 500 consulting jobs in the United States.
The company has set up a subsidiary in Fremont, California to provide business consulting to American corporations. The new company, Infosys Consulting, has begun ``aggressive hiring in America,'' Infosys chief executive officer Nandan Nilekani told reporters Thursday.
``As we are looking to expand our global footprint, we are creating local employment in the countries we operate,'' he said.
In the first year, the new firm will hire 75 experienced business consultants, with plans for a total of 500 hires within the next three years.
While the United States has lost thousands of jobs to low-wage countries such as India in a practice known as offshore outsourcing, the investment by Infosys shows outsourcing can also generate new jobs in the United States - though on a smaller scale, Nilekani said.
The company's American employees would advise U.S. corporations on improving their efficiency by embracing outsourcing and moving work to Infosys' offices in India.
Hiring Americans would help understand the needs of the clients and industry trends better, Nilekani added.
Infosys, which employs 23,000 people, offers software development and back-office financial transactions for companies abroad. In the fiscal year ending March 31, it is expected to surpass total revenues of US$1 billion for the first time.
Infosys Consulting will also be opening offices in other countries later on, but Nilekani declined to say where.
Indian outsourcing companies have previously set up offices in the United States, but they have been largely restricted to marketing and have created very few jobs.
Infosys reverses outsourcing trend
Bangalore, April 8. (AP): Infosys Technologies, which has risen to become the country's second-largest software maker thanks largely to outsourced work from the West, plans to reverse that trend by investing US$20 million to create nearly 500 consulting jobs in the United States.
The company has set up a subsidiary in Fremont, California to provide business consulting to American corporations. The new company, Infosys Consulting, has begun ``aggressive hiring in America,'' Infosys chief executive officer Nandan Nilekani told reporters Thursday.
``As we are looking to expand our global footprint, we are creating local employment in the countries we operate,'' he said.
In the first year, the new firm will hire 75 experienced business consultants, with plans for a total of 500 hires within the next three years.
While the United States has lost thousands of jobs to low-wage countries such as India in a practice known as offshore outsourcing, the investment by Infosys shows outsourcing can also generate new jobs in the United States - though on a smaller scale, Nilekani said.
The company's American employees would advise U.S. corporations on improving their efficiency by embracing outsourcing and moving work to Infosys' offices in India.
Hiring Americans would help understand the needs of the clients and industry trends better, Nilekani added.
Infosys, which employs 23,000 people, offers software development and back-office financial transactions for companies abroad. In the fiscal year ending March 31, it is expected to surpass total revenues of US$1 billion for the first time.
Infosys Consulting will also be opening offices in other countries later on, but Nilekani declined to say where.
Indian outsourcing companies have previously set up offices in the United States, but they have been largely restricted to marketing and have created very few jobs.
