India should keep up pressure on US on protectionism: Premji

[OhioChick]

22 Jul 2009, 1917 hrs IST, PTI

BANGALORE: Wipro chairman Azim Premji on Wednesday said India should continue to exert pressure on the United States not to switch over to an era of protectionism.

Premji said the visit of the US Secretary of State Hillary Clinton to India had stated that Washington would not "switch over to protectionism".

"I think our Prime Minister (Manmohan Singh) and the External Affairs Minister (S M Krishna) have taken this up at the appropriate levels in Washington", he told reporters in response to questions. "The Prime Minister has taken this up three times with President Barack Obama," he said.

So, as of now, the issue seemed to have been contained, the Chairman of the software major, listed on New York Stock Exchange, said.

"But one should be alert to the fact that the US is facing an unprecedented degree of unemployment...excess of 9.8 per cent", Premji said, adding, one should continue to keep the pressure on the US not to "switch over to the methodology of protectionism".

He also said Wipro was taking proactive steps to increase the number of local people in its workforce in overseas operations. Today, locals constitute as much as 30 per cent of its headcount overseas.

http://economictimes.indiatimes.com/Features/OutsourcingProtectionism/India-should-keep-up-pressure-on-US-on-protectionism-Premji/articleshow/4808376.cms

Meanwhile....

India firing foreign workers to give jobs to locals

http://economictimes.indiatimes.com/News/News_By_Industry/Jobs/Expatriate_executives_making_way_for_local_hires/articleshow/4039529.cms

[ihavenobias]

1. Well, he has our best interest at heart.

;)

[OhioChick]

2. Yeah...and you can take that to the bank.

:)

[h1ndoo]

9. You must be one of his H1/L1 slaves.

Don't overstay on your visa if you get laid off.

[ihavenobias]

10. I guess my wink face wasn't clear to everyone. n/t

[HughBeaumont]

3. Right, because the BEST thing to do would be to destroy our economy to lift yours.

Especially considering the fact that the private sector job creation record in the past 10 years averages 19 thousand jobs a MONTH (you need at least 150k to break even). That includes 16 straight months of overall job losses. But hey, let's not be stingy. We don't need those precious jobs as much as you need them. Gotcha. :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes:

[Hello_Kitty]

5. XENOPHOBE!!1!!11!

ELEVENTY!!1!

[HughBeaumont]

6. Oh, at least TWO "bootstrappers" in my Red X toilet pulled that crap.

:rofl:

The thing is, many nations European and Asian alike are far more protectionist than we are, but somehow WE'RE the ones being taken to task. I wonder why that is?

[Hello_Kitty]

4. It's only 'protectionism' when we do it.

When other countries do it they are looking out for the interests of their citizens.

[anonymous171]

7. Exactly. nt

[h1ndoo]

8. Thank you

Reposted it on endh1b.com