Newsweek – The India Story
The India story is being retold in as many ways as possible and nothing new is coming out of these articles. These stories seem to repackaged versions of all the coverage given by international magazines like Time, Newsweek, Businessweek, Fortune and Economist in the past. Newsweek has a feature on how US capital and labour are migrating to India. They write about the phenomenon of US MBA grads seeking internship in Indian firms and also the massive investments being made by the likes of Cisco, Microsoft and Intel in India.
A few days before Gates's trip, Silicon Valley chip maker Intel's chairman Craig Barrett announced that his company was investing $1.1 billion in India. And in October, Cisco Systems Inc. announced that it would put more than $1 billion into India over three years—its largest non-U.S. investment ever. A good chunk of that money, like Microsoft's investment, is going for the kind of innovative work that attracts world-class grad researchers and engineers, rather than the low-level call center jobs stereotypically outsourced to India.
A few days before Gates's trip, Silicon Valley chip maker Intel's chairman Craig Barrett announced that his company was investing $1.1 billion in India. And in October, Cisco Systems Inc. announced that it would put more than $1 billion into India over three years—its largest non-U.S. investment ever. A good chunk of that money, like Microsoft's investment, is going for the kind of innovative work that attracts world-class grad researchers and engineers, rather than the low-level call center jobs stereotypically outsourced to India.
Thirty-year-old Tim Hentzel is an M.B.A. student at the Wharton School of Business who first went to India in 2004 on his school’s three-week "global immersion" program. Infosys, an IT business and consulting services firm traded on the Nasdaq, piqued his interest because "their [106] interns come from all over the world—I needed the international experience." Infosys also appealed to him because their interns work on hands-on projects, are matched to mentors and have easy access to the company's top executives. Of his stint at the company's spa-like campus in Bangalore, Hentzel says, "it's the best decision I made. India's on the cutting edge." He says he put in long hours and made lasting personal and professional contacts because "I had gone to work, not for a safari."
Update: Outlook has a feature on single white women working in India
posted by Kaps at
2:42 PM
4 Comments:
Thanks, Kaps, for the link to an interesting article. I just hope this trend grows, bringing in people, not as tourists, but as interns and managers.
Unfortunately, the article doesn't seem to give much data. Do you think the number of interns and managers who come here has exceeded 10000 per year?
By
Abi, at 7:24 PM
very interesting
so we have ceos of indian company headed by an european or australian.
By
Ganesh, at 11:48 PM
@Abi,
Even if the top 20 US B-schools send 50 interns each year the number will only be 1000. My guesstimate for the number of expats managers is about 10,000. Expat managers could be working in any of the following sectors - IT, Telecom, BPO, Hospitality, Automobile, FMCG, Banking etc. The fact that international schools have sprung up in various parts of India is a sign that more expat managers are working in India.
By
Kaps, at 1:21 PM
@Ganesh,
Expat CEO's are heading some Indian airline and pharma companies. I'm not sure whether this trend will extend other home grown / family managed companies.
By
Kaps, at 1:22 PM
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