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Home > Business > Reuters > Report

No move to relocate Gulf staff now, says Indian firms

March 17, 2003 19:32 IST

Indian companies with operations in the Middle East said on Monday they had no plan to pull people out, but added they would make a call if the Iraqi crisis worsened.

Chances for peace in the region faded after US President George W. Bush said at the weekend the UN Security Council had only until Monday to decide on a resolution backing war.

"We will decide on a strategy as the events unfold," said Sanjiv Kataria, executive vice-president with software education company NIIT Ltd, which has centres in Bahrain, Dubai, Oman, Qatar, Saudi Arabia and Yemen.

"For our half a dozen education franchise operations in the Middle East, its business as usual," he added.

Both engineering company ABB Ltd and cement producer Associated Cement Companies, said they did not intend to pull out staff from the region now.

ACC, India's biggest cement maker, manages a plant in Saudi Arabia while Asea Brown Boveri Ltd, a subsidiary of Swiss-Swedish engineering group ABB, has two power infrastructure projects in Syria.

Foreign companies based in India also said there were no plans move employees.

"No contingency plan has been finalised as yet, but we are keeping a close watch in the event war breaks out," said Ruchika Batra, spokeswoman for Samsung India Electronics.

The South Korean giant has about 1,000 employees in India, nine of whom are expatriates.

"As of now there is no specific warning on employees' travel," she said.



© Copyright 2003 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.





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