IT professionals in the US may soon stop complaining about their jobs being 'Bangalored' as the latest trend shows that India has also started exporting jobs to the US to meet the demand generated by widespread growth in the technology space.
With the global technology trade expanding further, countries like India and China are no longer just the recipients of foreign investments and outsourced jobs, they are now exporting jobs to the US as well by opening R&D and manufacturing facilities there, a new study shows.
In a reversal of trends, Indian and Chinese companies are now exporting jobs to America by expanding their presence on the US soil — hence proving that the global tech trade can create win-win opportunities for all nations involved, global IT research major Forrester said in a report.
As the domestic firms from two Asian countries — such as India's Tata Group and Infosys and China's Lenovo and Haier start expanding abroad, they are creating new investment projects and are hiring sales and service staff worldwide including the US, Forrester Research's Navi Radjou said.
According to the data compiled by IBM-Plant Location International, India moved up to the seventh position in the league of FDI origin countries in terms of the number of projects in 2005, from its 10th position in the previous year with as many as 218 projects.
While the US was the biggest recipient of Chinese FDI in 2005, the United Kingdom received the highest number of FDI projects from India. The US was the fourth biggest FDI recipient from India in 2005 with a total of 17 projects, as against 45 received by the UK.