US firms seek India opportunities
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As the largest US business delegation travels to India for a summit, firms face hurdles as well as huge opportunities.
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Tata Motors Ltd.&#39;s new listing on the New York Stock Exchange will help India&#39;s biggest maker of trucks and buses add investors, raise capital for acquisitions and improve its corporate
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Indian software companies, which have been busy conquering the world and neglecting their backyard, should not continue doing so. This is because the domestic market is going to grow into a huge opportunity
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BANGALORE, INDIA - An anticipated boom in mobile telephony use in India is attracting multinational and local companies to establish manufacturing operations in the country.
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As India and the United States gradually relax policies on military collaboration between the two countries, American companies hope to compete for contracts worth billions of dollars.
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In return for access to American technology, India must now open its nuclear program to international inspection.
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Senior Indian and U.S. officials are meeting this week to try to salvage a nuclear cooperation deal that the Bush administration has portrayed as the cornerstone of an emerging partnership with a rising world power.
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VIENNA - Israel is looking to a US-India nuclear deal to expand its own ties to suppliers, quietly lobbying for an exemption to non-proliferation rules so it can legally import atomic material, according to documents made available yesterday to the Associated Press.
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The United States will build stronger military ties with India, Defence Secretary Donald Rumsfeld says. Mr Rumsfeld, in India on the final leg of a regional tour, has held talks on a range of issues with his
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India's second-largest software company, Infosys Technologies Ltd., said Monday its planned inclusion on the Nasdaq-100 will help it become a mainstream stock in the United States and boost its global profile.
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WASHINGTON, Feb. 19  /PRNewswire-USNewswire/ -- The U.S.-India Business Council (USIBC) will host U.S. Secretary of Commerce, Carlos M. Gutierrez, on February 22, 2007 to keynote the 5th U.S.-India High Technology Cooperation Group to be held at the U.S. Chamber of Commerce.
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MANHASSET, NY - Bucking the trend for US based companies to set up new plants and offices offshore, Dell Computer Corp. (Austin, Tx.
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After decades on the sidelines, U.S. defense contractors are eyeing India's growing military budget and aging arsenal as a multibillion-dollar opportunity that could help offset a projected slowdown in Pentagon weapons spending and extend production lines for such items as the F-16 fighter.
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India's brightest used to line up for U.S. jobs. No longer.
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India&#39;s business process outsourcing companies could attain revenues of up to $50 billion by 2012, but the industry will need greater investments in education and infrastructure by the government, according to a new report released Tuesday.At its current growth rate, India&#8217;s $11 billion BPO industry will reach about $30 billion by 2012, said the joint report, published by consultancy firm Everest Group and India&#8217;s National Association of Software and Services Companies (Nasscom).If the industry reaches $50 billion in revenue, it will directly employ two million staff and provide indirect employment for two to three times more people, said Som Mittal, president of Nasscom. The industry would comprise 2.5 percent of India&#39;s GDP (gross domestic product).Mittal said India&#39;s federal and local governments would have to play a larger role in order to push revenue to $50 billion. Over the last 10 years, the industry has done much on its own, such as building power generation facilities and providing training to staff, but could use more government support, Mittal said.Indian companies spend a lot on in-house training because the education system in India does not have direct links with the BPO industry, said Raman Roy, chairman and managing director of Quattro, a BPO firm.The BPO industry needs more employable graduates with skills in new areas such as analytics or the industry could face staff shortages of up to one million&#160;people for entry-level positions, Roy said.Some companies have explored setting up operations in smaller cities due to competition for staff from the retail and telecommunication areas.&#8220;We hire people from small cities, but we cannot set up operations there because the infrastructure does not exist,&#8221; Roy said. It is unfair to ask managers to move to small towns where there are no hospitals or entertainment, he added.The BPO industry now plans to set up regional hubs and develop infrastructure, including communications capabilities and staff housing. Many BPO companies now spend time and money transporting staff between cities and suburbs.The industry is also demanding that BPO companies be allowed to use the same facilities during daytime to address domestic business. India prohibits using the same facility for domestic and export business.Since nighttime operations focus on servicing foreign customers in the U.S. and Europe, using the same facilities during the day for domestic business would benefit companies, Mittal said.
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The Indian leadership today told the visiting US Defence Secretary, Mr Donald Rumsfeld, that the American arms sales to Pakistan could impact the positive sentiment and goodwill for the USA in India.
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NEW DELHI The chief executives of Microsoft and Intel are visiting India this week, underscoring the country&#39;s importance as a source of skilled software workers and a growing local market.