India Get $1 Billion In Outsourcing Contracts From US

November 23, 2009 | Vetting explained

Posted by:
Marjaani

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Last updated: November 23, 2009

iReport —

Why not keep these jobs in the US, rather than outsource the jobs to India?

The taxpayers' bailout money is headed en route to INDIA?

Our government needs to get its priorities in place. The US is in need of jobs NOT India!

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MUMBAI (Reuters) – Leading Indian outsourcers such as Tata Consultancy (TCS.BO), Infosys (INFY.BO) and Wipro (WIPR.BO) stand to gain contracts worth about $1 billion in the next one or two years as U.S. banks emerge from the troubled asset relief program, the Economic Times reported on Monday.

The newspaper said JPMorgan (JPM.N), Goldman Sachs (GS.N) and Morgan Stanley (MS.N) that received approval to buy back government stake worth $68 billion earlier this year are among the firms seeking operational efficiencies by outsourcing non-core IT and back-office projects to India.

American Express (AXP.N), Bank of New York Mellon (BK.N) and Capital One, which have started repayinggovernment debt, were also considering outsourcing, it said.

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