Over 30,000 US citizens employed in India: study

Amidst the row in US over outsourcing, a study has said that firms like Essar, HCL, Tata, Mahindra and Wipro have generated over 30,000 jobs for US citizens in recent years.

Tata Group alone employs 19,000 Americans and has invested over 3 billion dollars, besides operating 16 businesses in US, a report by US-India Business Council (USIBC) and industry body FICCI said.

Indian employers and their American workers contribute billions of dollars to the Federal, state and local treasuries by way of wages, corporate taxes, payroll taxes and income taxes, the study said.

About 12 Indian companies, including Essel-Propack, ITC Kitchens of India, Ranbaxy, Satyam and Wockhardt, are making a sizable impact on US economy, the chamber said.

With a presence in nearly a dozen states like Arizona, Colorado, Florida, Missouri, New York and Texas, Essar’s American operations generated more than 110 million dollars in revenues last year and has employed about 7,200 people till now, which would increase to 8,500 by next year.

While Jet Airways has purchased 72 aircraft from Boeing and with 120 direct employees, the company, which has offices in New York, New Jersey and California, has paid 36 million dollars to the US market in total wages, taxes, and fees to airports.

India’s first pharma MNC, Ranbaxy, which is to be taken by Japanese firm Daiichi Sankyo, has created 600 jobs and produced 142 drugs, the report added.

In the IT sector, while Satyam employs 5,000 Americans, Wipro Technologies has created more than 8,000 jobs and 1,000 new jobs are coming to Georgia and Michigan cities.

HCL Technologies has helped to develop safety and navigation equipment for Boeing’s new 787 ‘Dreamliner’ jet aircraft. In America, since 1989, HCL employs 3,000 in 21 locations and serves clients in 200 cities, it added.

Courtesy :- NDTV

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1 Comment »

  1. 1

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