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BUSINESS NEWS ARCHIVE 2007
 
 
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  Business News Archive 2007 -> Going global, Indian firms create jobs in US  
 
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CASE STUDIES

Pharma Families: The Kenyan Asian Story (05/04)

The Man from the Priory - Dr Chai Patel (04/04)

Karan Bilimoria - Bottled for Business (02/07)

Lakshmi Mittal's Ring of Steel (01/04)

Mayank Patel - Currencies Direct (01/07)

Mike Jatania - Lornamead Group (01/07)


2007 ARTICLES

Vikram Pandit named Citigroup CEO (12/07)

British consumers victims of credit card fraud in India

Vodafone to outsource jobs to India (12/07)

Scottish Asian Business Awards 2007 (12/07)

Asian Businesses key to London's Economy (12/07)

Tata wins key union backing in Jaguar, Land Rover sale

Going global, Indian firms create jobs in US (11/07)

Hindujas on billion pound spending spree in UK

Jagriti Yatra 2007 searchs for India's real heroes

Vijay Mallya foraying into luxury retail segment

The Indus Nano-Tech Association launched

Entrepreneur Reuben Singh declared bankrupt (11/07)

Killer fire at Asian-owned warehouse (11/07)

Microsoft signs $500-mn IPTV deal with Reliance

National mission to make India a global nano hub

Jet Airways targets $3 billion revenue in 3 years

Hindujas to expand hospital business (10/07)

Indian stock markets break all records (10/07)

Cisco to triple headcount to 10,000 in India (10/07)

Child labour in Delhi forces 'Gap' to withdraw clothes

Cobra Beer bets high on India (10/07)

British NHS patients favour India for treatment (10/07)

Mukesh Ambani soon to join world's 10 richest (10/07)

Indian handicrafts: weaving their way to slow death?

India to set up centralised drug licensing authority

'BPOs no longer career choice for Indian youths'

GVK launches centre for US Pharms Giant, Wyeth

India to tap funds in Britain for infrastructure (09/07)

India not easy to do business in: World Bank

Don't fret about Wal-Mart: Lord Swaraj Paul (09/07)

Vijay Mallya wants India racing on F1 tracks (09/07)

India most acquisitive of emerging economies

Globalisation is two-way traffic: Azim Premji (09/07)

Indo-British bilateral trade up 30 percent (09/07)

Hero Group buys Scotland's top call centre operator

Indian Ruling against Novartis a victory (08/07)

Founders quit as Goldshield settles NHS claim (06/07)

Ethnic Minority Business Task Force Launched

Female wealth creation driven by business success.

Barclays launches retail banking in India (05/07)

Sanjeev Shah to head Fidelity's Fund (05/07)

Indian Nano-Tech business starts in the UK (05/07)

Punjab National Bank launches in the UK (05/07)

Asian Business Awards 2007 (05/07)

Indian Biotech sector to be $5 bn industry by 2010

A business school for India's rural women (05/07)

UK customers unhappy with Indian call centres (05/07)

Uganda woos Indian investors, says Indians safe

Reliance Money enters gold retailing business (05/07)

Mayor rejects UK Post Office privatisation (04/07)

Vedanta buys Sesa, India's largest iron ore producer

Infosys targets $4 billion revenue in 2008 (04/07)

Jet buys Sahara for Rs.14.5 billion ($336 million)

GSK signs outsourcing deal with Indian Firm (03/07)

India's biotech industry emerging as world innovator

Patak's up for sale at £200 million (03/07)

Cobra Beer to set up two breweries in India (03/07)

Lloyds TSB launches Muslim Business Bank Account

Dr Reddy's eyes generics arm of Merck (02/07)

UK retailer Argos set to enter India (02/07)

Bharti & Wal-Mart close to a Cash-&-Carry deal (02/07)

Vijay Mallya to buy Whyte & Mackay (02/07)

Vodafone acquires Hutch Essar in India (02/07)

1000 strong network of women entrepreneurs

64% of Business retirees have no exit plan (02/07)

Small firms to get I.P health checks (02/07)

Indian entrepreneurs riding wave of innovation (02/07)

India's Global Services Economy (01/07)

First Asian Woman CEO of a FTSE Company (01/07)

Tata finally acquires Corus at 6.08p/share (01/07)

Gita Patel's Trapezia Fund hits £4.5M target (01/07)

Bank for India's Rural Women: 10th anniversary


ARCHIVED ARTICLES

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GOING GLOBAL, INDIAN FIRMS CREATE JOBS IN THE US
By Arun Kumar, Washington, Nov 26 (IANS)

Call Centre OperatorIndian 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. 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.

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