Recently, a report published about the Indian companies which have created more than 60,000 jobs in US. Now, India has become synonymous with outsourcing. The data has been shown of 2004-09 through nearly 500 investment and acquisition deals worth $26.5 billion.
An online news portal about business and economy - economictimes.indiatimes.com has quoted a statement of Obama, “We will stop letting American companies that create jobs overseas take deductions on their expenses when they do not pay any American taxes on their profits.”
Further the news portal quotes a report, “During 2004-2009, 90 Indian companies made 127 greenfield investments worth $5.5 billion, and created 16,576 jobs in the US. Greenfield investments are investments made to start a new venture by constructing new operational facilities from the ground up.”
In the next column, the news portal writes, “The five US industrial sectors that received the most greenfield investment were Metals; Software & IT Services; Leisure & Entertainment; industrial machinery, equipment & tools; and financial services, accounting for almost 80 per cent of total greenfield investment in the US.”
According to the report, “The top three states in terms of jobs created were Ohio, Texas, and California. During 2004-09, 239 Indian companies made 372 acquisitions in the United States.”
According to the news portal, “The report, jointly produced by University of Maryland, India-US World Affairs Institute and Federation of Indian Chambers of Commerce and Industry, gives a comprehensive analysis of America's economic engagement with India during the period 2004 to 2009.”
In the conclusion, the news portal writes, “A 2004 Goldman Sachs report had forecast that nearly six million US jobs would be shifted overseas to low-wage countries like India.”
It is really remarkable news in Indian context. The data is able to say about the character of Indian capitalist. A huge section of Indian capital deals with foreign companies.
An online news portal about business and economy - economictimes.indiatimes.com has quoted a statement of Obama, “We will stop letting American companies that create jobs overseas take deductions on their expenses when they do not pay any American taxes on their profits.”
Further the news portal quotes a report, “During 2004-2009, 90 Indian companies made 127 greenfield investments worth $5.5 billion, and created 16,576 jobs in the US. Greenfield investments are investments made to start a new venture by constructing new operational facilities from the ground up.”
In the next column, the news portal writes, “The five US industrial sectors that received the most greenfield investment were Metals; Software & IT Services; Leisure & Entertainment; industrial machinery, equipment & tools; and financial services, accounting for almost 80 per cent of total greenfield investment in the US.”
According to the report, “The top three states in terms of jobs created were Ohio, Texas, and California. During 2004-09, 239 Indian companies made 372 acquisitions in the United States.”
According to the news portal, “The report, jointly produced by University of Maryland, India-US World Affairs Institute and Federation of Indian Chambers of Commerce and Industry, gives a comprehensive analysis of America's economic engagement with India during the period 2004 to 2009.”
In the conclusion, the news portal writes, “A 2004 Goldman Sachs report had forecast that nearly six million US jobs would be shifted overseas to low-wage countries like India.”
It is really remarkable news in Indian context. The data is able to say about the character of Indian capitalist. A huge section of Indian capital deals with foreign companies.