Search:



The Web

Rediff








 Latest Business news on mobile: sms NEWSB or BIS to 7333

Home > Business > PTI > Report

BPO not India-US issue: PM

November 08, 2004 14:31 IST

Prime Minister Manmohan Singh said that India does not see outsourcing as an issue in its relations with Washington and hoped an objective view will emerge on the backlash against it in the United States.

"We do not see outsourcing as an India-US issue," he said in an interview to Financial Times emphasising that efforts to link outsourcing to possible conditionalities contradicted the momentum of globalisation and trade liberalisation.

Outsourcing and India: Complete Coverage

"We believe that outsourcing is mutually beneficial and an integral element of globalisation. It is based on basic economic principles and premised on competitiveness and comparative cost advantages," Singh said.

On the backlash against outsourcing, the prime minister said, "I do hope that objective view will emerge, which will see this as a win-win situation for both countries, and, in fact, for all countries involved."

He said any suggestion that outsourcing is an effort to attract jobs away or to deprive workers of their livelihood too contradicts trade liberalisation.


Article Tools
Email this article
Top emailed links
Print this article
Write us a letter
Discuss this article









© Copyright 2004 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.











Copyright © 2004 rediff.com India Limited. All Rights Reserved.