India must maintain edge in outsourcing: Fernandes
India will loose its outsourcing share to China and others if it does not continue with low costs the Minister of State for Labour Oscar Fernandes said.
"If outsourcing is favouring India today, it does not mean it will always be in favour of India," he said, adding "the time any country provides labour even for a rupee cheaper than us, outsourcing will move to them".
When asked about who these countries could be, he said that presently "China is the biggest threat".
He also stated that China is ahead in the technology sector.
"India has a reservoir of highly technically qualified professionals," he said at a workshop on 'the role of trade unions in globalized economy'.
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"If outsourcing is favouring India today, it does not mean it will always be in favour of India," he said, adding "the time any country provides labour even for a rupee cheaper than us, outsourcing will move to them".
When asked about who these countries could be, he said that presently "China is the biggest threat".
He also stated that China is ahead in the technology sector.
"India has a reservoir of highly technically qualified professionals," he said at a workshop on 'the role of trade unions in globalized economy'.
To view article source click herearget="blank" rel="nofollow"
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