look at tech cos. they have been focussing mostly in US. They will now be forced to do technology work in our country itself, thereby strengthening the Indian Economy. You want mangoes the best goes overseas, you want garments the best goes overseas, you want technology, go overseas and get back the same indian technology.. funny isnt it. now it is payback time for India. Otherwise in normal course no infosys,satyam or wipro would ever focus on India itself because of low margins compared to US and other economies. Because the nature of business is to be commercial. Now the ruppee may change all that.
RE:rupee appreciation is good
by on Jul 25, 2007 10:18 PM Permalink
well said, And would like also to add that our dear own Desi Software giants whould learn from company like IBM..who is getting so many projects from INDIAN Vendors.. IBM has nearly $2 billion contract with Bharti and then nearly $1 billion from Celluar and some more from even govt deptt.. Our Desi Software giants should not under estimates the stregth of other indian companies. They can provide cheap services to India companies as compare to MNCs. Like wise we can explore our own coutries business than exploring the business in world and then at the end suffer losses due to Rs appreciation.
