Obama's remarks not aimed at Indian companies: Infosys chief | business | Hindustan Times
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Obama's remarks not aimed at Indian companies: Infosys chief

A day after the president Barack Obama lashed out at US companies which are outsourcing to India, tech major Infosys Technologies brushed aside the apprehensions that the remarks were aimed at Indian Companies.

business Updated: Feb 13, 2010 21:30 IST

A day after the president Barack Obama lashed out at US companies which are outsourcing to India, tech major Infosys Technologies brushed aside the apprehensions that the remarks were aimed at Indian Companies.

Kris Gopalakrishnan, CEO and MD of Infosys said that the US President's remarks were aimed at US companies having operations in multiple countries.

"What he (Obama) is talking about is US companies setting up operations outside US. Not about outsourcing to India. That is very clear. But it is not about us as far as I can see, Gopalakrishnan told PTI on the sidelines of sidelines of a conference on Public Private Partnership for Internal Security-Vision 2020 here.

Obama had said that it was time to slash tax breaks for companies that ship jobs overseas and give tax breaks to companies that create jobs in the US.

Replying to question on shifting of focus of Infosys from USA to other countries in the wake of US President's remarks, Goplakrishnan said the company has been doing it for quite some time to derisk the business.

Replying to question on recruitment plans for next financial year, he said the company will offer campus placements to 15,000 graduates and the total intake for the year will be decided in April.