In the United States, the district of Ohio has banned outsourcing, arguing that this undermines economic development and has unacceptable business consequences for his state. The Ohio state till now was going out of his way to woo Indian companies. Governor Ted Strickland of Democratic party has signed an executive order banning outsourcing. Signalling an apparent change of heart, Strickland said Ohioans have been among the hardest hit by more than a decade of unfair trade agreements and the trickle-down economic policies that promoted off-shoring jobs at the expense of Ohioans who work for a living. Reacting to the order, the Indian IT sector, which gets 60 per cent of its export revenue from the US, termed the move as discriminatory and said it amounts to a trade barrier.The Indian industry will take up the issue with its US counterparts and seek government's support to flag it with the American authorities. The move, which comes ahead of US President Barack Obama's visit to India in November, follows a controversial legislation that increased H-1B and L1 visa fees, hitting India's over USD 50 billion IT industry.
News On AIR | September 8, 2010 8:17 PM
US district Ohio bans outsourcing, says this undermines economic development