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100 possible US legislations target India’s outsourcing boom –India and China must compete in a fair way and be open to currency revaluation
What happened in Air India’s Boeing deal is not the answer to trade imbalance with America. India and China both have artificially lowered currency pegged to US dollar and that is causing unfair trade practice. The economic boom of India and China is the best thing for the world but these emerging super powers must learn to compete fairly with American businesses and for that matter with any other companies in the world.
Buying $6 Billion of Commercial aircrafts without any regard to International bidding norms just made India look corrupted and gullible to US pressures. The right way to approach the problem is avoid the concept of “getting US outsourcing contract by hook or crook”. India should revalue the Indian Rupees, pay its workers fairly competing with international salaries and wages, keep an eye on the security so that international customers’ identity is not stolen or compromised and above all be considerate of loss of jobs in America. If that is not done, there will be backlash – yes there are 100 pending US legislations against India’s outsourcing boom.
According to some media reports, just in the first three months of 2005, over 112 anti-outsourcing bills are coursing their way through some 40 states in the US. In 2004, there were 107 bills in 33 states, of which only five became law, says the National Foundation for American Policy (NFAP) in a new study.
The NFAP study lists several bills of concern – a New Jersey bill, which prohibits state contract work from being performed overseas; bills in Oklahoma and Mississippi about call centers outside the US; Montana bill keeping state work in the US; Washington bill putting checks on outside contracts and a Maryland bill prohibiting the federal government from binding the state to international agreements.
Most of these bills will fall by the wayside, and some may violate the US's international trade obligations, so will be non-starters. But the fact remains that over the next year and half, the outsourcing clamor could intrude into bilateral ties.
OUTSOURCING ARTICLES
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