Thursday, November 11, 2004

Prosperity Runs Rampant, In Other Countries

BANGALORE, India

Outsourcing companies in India are jubilant that the elections in the United States have returned President Bush to office.

"This is great news for the offshoring industry," said Nandan Nilekani, chief executive of Infosys Technologies, a software services company. The trend toward outsourcing will now become even more inexorable, Nilekani said.

News on Wednesday that John Kerry had conceded the election to Bush was greeted with joy in the industry.

"We are very happy that Bush is back," said Kiran Karnik, president of the industry group Nasscom, or National Association of Software and Service Companies. "The president's track record has been of recognizing the advantages of free trade."

Bush's re-election will bring out the latent demand for outsourcing and lead to more offshoring announcements by companies, he said. "Some corporations have been cautious about signing or announcing deals in the last few months," Karnik said. "Now they will no longer hold back."

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