Rediff India Abroad
 Rediff India Abroad Home  |  All the sections

Search:



The Web

India Abroad




Newsletters
Sign up today!

Article Tools
Email this article
Top emailed links
Print this article
Contact the editors
Discuss this article
Home > Business > PTI > Report


'No material impact of US ban'

January 24, 2004 17:38 IST
Last Updated: January 24, 2004 19:27 IST


Software major Infosys Technologies said on Saturday that the passage of the law by the US Senate banning sub-contracting work to other countries, including India, will have no "material impact" on the company as it was not involved in government projects at this point.

US BPO law 'unfortunate', says CII
US BPO ban dismaying: Nasscom
US Senate passes law against outsourcing
Outsourcing and India: Complete Coverage

Krish Gopalakrishnan, chief operating officer, Infosys, told PTI that this particular Bill concerned sub-contracting work of government projects and 'since the work Indian companies currently do for the US government is not much, we see the impact to be minimal".

Wipro, too, expressed the save views. "Our exposure to US government business is very negligible. So there will not be any impact on our business," Wipro spokesperson told PTI.

"However, as an industry we have to watch the situation," Gopalakrishnan added.

Satyam on its part said such moves would certainly go against global free trade policy.

"Though the current move by the US senate to bar offshoring of government works will not have a great impact on Indian IT companies, it does not augur well for their own economy. Such decisions do not help in moving towards a free-trade policy envisaged by the WTO," Satyam chairman B Ramalinga Raju said in a statement.

"The Senate Bill is yet to be passed as law and we hope the United States government takes a more pragmatic view and does not get pressurised by political considerations," Raju added.


7333: The Latest News on Your Mobile!

© Copyright 2005 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Share your comments


Advertisement






Copyright © 2005 Rediff.com India Limited. All Rights Reserved.