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IT outsourcing going to vietnam/ brazil / china
by prem menon on Dec 29, 2007 11:27 AM

It is true that in India it is not economical to the IT outsourcing. Being the reason the Government lands & Prima areas were in the hands of politicians and with Black money they Build Huge complexes & the rentals are very high. Now the rentals are prohabitive to carry the competitive IT outsourcing from India. the 2nd reason is Rupee stregthening. 3rdly the Urbanisation without infrastructure facility. 4th the Government & Parlaiment Banking Commitee members asked banks to put Real Estate in discouraged loans list. This prompted the Politicians to channel their Black money into the Real Estate. Real Estate Companies they enter into the agreement with the land lord in each city like wise in 50 Cities, with that they go to Venture funds( ie Politians funds ) and finally they come out with Rs10 share with a premium of Rs 690 or so. Even Finance Minister operates through Kammath of ICICI. Each state became a family bussiness. Tamil Nadu Karunanidhi, Andhra YSRAjasekar redddy, Karnataka Goda family, UP Mayawathi, Bihar Lalu P Yadav etc., In India the Politicians & their relatives assets to be confiscated and execute them then only the peace for the poor people. otherwise the people have to bear the unrest.

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India's IT outsourcers face cost rise