Going global, Indian firms create jobs in US

[aryan2007]

Going global, Indian firms create jobs in US
26 Nov, 2007, 1242 hrs IST, IANS

WASHINGTON: Indian firms are not just taking up outsourcing any more, but have in fact invested a whopping $6 billion in the United States and created 40,000 jobs with quite a few of them going to the Americans.

If a Janaki posing as Janet at call centres in India has been servicing customers in the US, many a Jane and John employed by India Inc. in the US is now helping travellers worldwide book a flight or send flowers and gifts to loved ones in America.

A group of 34 Indian companies represented in the India Business Forum (IBF), launched in June 2006, structured at the initiative of the Confederation of Indian Industry (CII), has made investments in such diverse sectors as technology, pharmaceuticals, manufacturing and gems and jewellery.

The Indian companies with 40,000 employees have invested about $6 billion in the US this year alone through acquisitions and mergers. While there are more Indian nationals in the service sector, the number of local employees goes as high as 95 percent in the manufacturing sector.

"Indian companies are no longer just Indian. They are as much global as any other," says Kiran Pasricha, the CII deputy director general based in Washington. Besides the US, CII has set up similar forums in Singapore and South Africa with one in the process of being launched in China.

The Tata Group alone has invested over $2 billion in the last couple of years through acquisitions and mergers in the US with 16 of its companies from hotels to manufacturing employing 16,000 people, about 5,000 of them local.

"With very few exceptions, our hires of local employees are on the basis of their skill sets, not on their knowledge of India or international experience," says David Good, chief representative of the group for North America and the American chair of IBF.

"After all, a coffee producer needs experts in coffee, not India specialists," quipped Good, a former American diplomat with a long association with India from his last job there as consul general in Mumbai.

The local American employees work in all Tata companies, but heavy concentrations are in the hotels, manufacturing, telecommunications, engineering and software and in beverages besides two call centres in Ohio and Florida.

The Tatas have hotels in New York, Boston and San Francisco, produce Eight O'Clock Coffee, Tetley Tea and Good Earth Tea and have Corus Steel production units in Ohio and Pennsylvania.

The group provides engineering and software services through Tata Consultancy Services (TCS) and INCAT/Tata Technologies with TCS earning 53 percent of its $4.3 billion revenue from the US. And in telecommunications, VSNL, a 74 percent Tata owned company, emerging as the largest voice provider in the US offering competition to the likes of AT&T and Verizon.

Tatas' call centre business, SerWiz Solutions Limited, has 250 full-time employees at its Milton, Florida, centre and 260 such employees at Reno, Ohio. "Both centres are currently in a hiring mode," says Ricardo Layun, vice president, Customer Care Operations.

At the moment, the two call centres support one of the world's leading online travel companies, a large US airline carrier, and the American region of a large Asian airline carrier, large domestic and international airlines. They also seasonally support a leading telephone and online retailer of flowers and gift sales.

The Tatas have been expanding these call centres since acquiring them in April 2006 as "we have found that the US communities in which we operate provide a strong workforce, competitive economic conditions, and positive growth potential," said Layun.

Both call centres operate 24/7, but "We have not experienced an issue with staffing after hours. We have found that offering these night shifts provides employees opportunities to attend day-time college courses or avoid day-care costs," he said.

Going global, Indian firms create jobs in US- Jobs-News By Industry-News-The Economic Times


With India being one of the top FDI investor in UK.. Mittal acquiring the European gem Arcelor, Tata's having acquired Corus, Tetley and closing their grip over Land Rover and Jaguar, Essar Steel buying Minnesota Steel, Reliance becoming the one of the bigger Oil players in Kenya etc. I think Indians are doing the right thing by not following the Chinese way of everything in-house esp considering are screwed political system...

This will show India as a more responsible, quality oriented and sensitive country and would not face the kind of bycott and ill will that Chinese can possibly face..

 

[RISING SUN]

https://defence.pk/pdf/threads/100-...t-15-billion-in-us-create-91-000-jobs.386296/
https://defence.pk/pdf/threads/india-invested-26-6-bn-created-60-000-jobs-in-us-study.62278/
https://defence.pk/pdf/threads/indian-railways-reliance-and-mahindra-to-create-jobs-in-usa.76003/
https://defence.pk/pdf/threads/indi...s-create-thousands-of-jobs-in-the-u-s.386136/
@waz Please merge all above listed threads in this thread. Thank you.

Indian companies created 1,13,423 jobs in U.S: CII study
The release of a new study by the Confederation of Indian Industry (CII) of Indian companies in America turned out to be an occasion to shore up political support for continuing economic engagement between the two countries in a political climate of protectionism, on Tuesday, at the Capitol.

The study “Indian Roots, American Soil,” found that 100 Indian companies have created 1,13,423 jobs in the U.S with an investment of $17.9 million, across all States. Several lawmakers who spoke at the event pledged their support for India-US partnership, acknowledging the contribution of Indian businesses to American economy.

Notable impact
New Jersey, Texas, California, New York and Georgia are home to the most number of workers in America directly employed by Indian companies. New York, New Jersey, Massachusetts, California, and Wyoming have the highest foreign direct investment (FDI) from Indian companies, the study found.

The fifth edition of the study that appears every two years, has political significance this year given Donald Trump administration’s strong views on economic ties that displace American workers.

Indian Ambassador to the U.S Navtej Sarna noted that the report was being released a day after a meeting between Mr. Trump and Prime Minister Narendra Modi in Manila, Philippines. “The President and the Prime Minister have developed a strong personal relationship,” Mr. Sarna noted. “That Indian companies are spending significant amounts in America as part of their CSR initiatives is testimony to the fact they are deeply invested in this country and society.”

The companies in the study spent $147 million in CSR and $588 million in research and development facilities in America. On an average, each American state or territory received $187 million in investment by Indian companies. 85% of the companies plan to make more investments and 87% of the companies plan to hire more employees locally in the next five years.

Plaudits for India from Trump
Mr. Trump was lavish in his praise for India in his speeches during his East Asia tour. The President has mentioned trade issues with India in some speeches earlier, though he has not been as belligerent as he is with some other American partners on the issue. A White House official had accused several Indian tech companies, by name, of gaming the H-1B visa programme.

On Wednesday, a Congressional subcommittee is likely to vote on new legislation that proposes to raise wage requirements for guest workers and other restrictions. The debate on the issue could be occasion for another round of heated rhetoric on the H-1B visa programme, though the bill itself is unlikely to pass in the House of Representatives, if at all it reaches the voting stage.

It was against this background that around 20 members of Congress, came out strongly in support of Indian companies in America. Congressman David Brat, from Virginia said: “I am glad to see the principles of free market economics being celebrated today on Capitol Hill as we recognize the contributions Indian Industry have brought to the US economy and states.”

Arresting rise in healthcare price
Heads of several Indian companies also spoke at the event. Sofia Mumtaz, President, Lupin Pharmaceuticals said: “…we are contributing to the U.S. economy while helping arrest soaring healthcare costs through innovative and high quality pharmaceutical products.”
http://www.thehindu.com/news/intern...3423-jobs-in-us-cii-study/article20460688.ece

Indian companies create over 1 lakh jobs in US, says report
Indian companies have created more than 113,000 jobs in the US and invested nearly $18 billion in the country, according to an annual report which gives state-by-state breakdown of the tangible investments made and jobs created by 100 Indian firms doing business in America and Puerto Rico.

The report titled 'Indian Roots, American Soil', which was released by Confederation of Indian Industry (CII) on Tuesday, states that Indian companies have also contributed $147 million towards corporate social responsibility and $588 million as research and development expenditures in the US.

Together, 100 Indian companies employ 113,423 people across 50 states, the District of Columbia and Puerto Rico, the report said, adding that the total value of tangible investments made by these companies exceeds $17.9 billion.

The top five states in which Indian companies have generated maximum employment are New Jersey (8,572 jobs), Texas (7,271 jobs), California (6,749 jobs), New York (5,135 jobs) and Georgia (4,554 jobs).

According to the report, the top five states in which Indian companies have contributed the highest foreign direct investment are New York ($1.57 billion), New Jersey ($1.56 billion), Massachusetts ($931 million), California ($542 million) and Wyoming ($435 million).

The average amount of investment received from Indian companies per state/territory is $187 million, the report said, noting that 85 per cent of the companies plan to make more investments in the US.

As many as 87 per cent of the companies plan to hire more employees locally in the next five years.

Indian industry and professionals are making significant contributions to the US economy, said Indian Ambassador to the US Navtej Sarna.

"The presence and reach of Indian companies continue to grow each year as they invest billions of dollars and create jobs across the United States," he said.

Chandrajit Banerjee, CII director general said the story of Indian investment in the US is one that showcases how intertwined the two countries are that contribute to each other's success.

Indian firms are among the fastest growing investors in the US, contributing to growth and job creation in the US economy, said Senator Chris Van Hollen.

As the world's oldest democracy and the world's largest democracy, a strong US-India partnership is vital for the 21st century, said Congressman Ami Bera.

The friendship between the United States and India has continued to grow under President Trump's administration, said Congressman Pete Sessions.

Indian businesses have brought hundreds of millions of dollars and thousands of jobs to Texas and, at the same time, the reforms led by Prime Minister Modi have opened doors for American companies to expand their operations in India, he said.

"I am glad to see, as CII's event today proves, bonds between our nations - both commercial and strategic - continue to grow stronger," Sessions said.

"According to CII's survey, Indian companies in Virginia have invested over $37 million in my state, and I can only hope that they will continue to invest in Virginia and that our engagement with these companies will continue to grow," said Congressman David Brat.

In addition to spurring economic activity, particularly in North Carolina, this type of investment serves to strengthen the bond between our two countries, said Congressman George Holding.

The report shows that Indian companies have invested over $195 million in the state of Illinois, and created over 3,800 jobs, said Congressman Raja Krishnamoorthi.

"I hope that Indian companies continue to put down roots and invest in our state, as our economy and community are strengthened by their engagement with us," he said.

"As the largest India-headquartered multinational in North America, the Tata Group has had operations and investments in the US market for many decades," said James Shapiro, resident director North America of Tata Sons Ltd.

Ravi Kumar, president and Deputy COO, Infosys said his company began working with its first US client over 35 years ago and, have worked to boost American innovation ever since.
"Earlier this year, we announced plans to hire 10,000 American workers over the next two years, partnering with local colleges and universities to shrink the IT skills gap in the US, and are focused on upskilling and reskilling workers seeking to grow their careers in computer science," he said.

The work of Infosys Foundation USA has benefited over 4,700,000 students, 13,000 teachers and 21,000 schools across all 50 states in America since 2015, he asserted.
https://timesofindia.indiatimes.com...says-report/articleshow/61655193.cms?from=mdr

 

[Verve]

Wrong section ... blow your trumpet in the Indian forum.

 

[RISING SUN]

@waz Please move the thread in America section as jobs are being created there.