Asia Sentinel, 11 Jul 2012Politics, poor economy drive growing protectionism
American election-year politics has begun to play an ominous role in the offshoring business, with the sector in India jolted by news that the US government has instituted mandatory no-offshoring clauses on two major projects amounting to US$320 million and US$400 million respectively.
The decision to keep the projects in the United States,, precluding Indian companies from bidding on them, coincides with reports that the US Senate is expected to consider an Obama administration-backed bill called the Bring Jobs Home Act to make it less attractive for American multinationals to send work to countries such as India. Full story
