Outsourcing Works Both Ways
Lou Dobbs, listen up:
Hindustan Times: Indian software giant Wipro (NASDAQ: WIT) plans to open several software development and IT facilities in the United States.
In addition to a software development center to be opened in Atlanta within the next three months, India's third-biggest software maker is considering opening three new U.S. facilities: Raleigh, NC, Austin, TX and Richmond, VA, which could open as early as next year.
However, the company first wants to see "how it goes" when its Atlanta center opens by the year's end. Wipro expects within three years to have about 1,000 American workers in Atlanta.
Bottom Line: Outsourcing and trade work both ways. American companies hire workers in India, and Indian companies hire workers in the U.S.