Indian firms employ tens of thousands of Americans: US official

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http://economictimes.indiatimes.com/news/news-by-industry/jobs/Indian-firms-employ-tens-of-thousands-of-Americans-US-official/articleshow/10154885.cms

WASHINGTON: Noting that India's direct investment in the US has grown by an average of 33 percent each year since 2005, a top US official has acknowledged that Indian companies employ tens of thousands of Americans.

In the decade between 2000 and 2010, Indian investment has increased from a negligible $96 million to over $3.3 billion, deputy secretary of state Bill Burns said at the 3rd FICCI-Brookings Dialogue on "Is there a future of India-US strategic dialogue" here Tuesday.

India-US bilateral economic relationship is anchored in the realisation that their long-term interests are essentially congruent and mutually reinforcing, he said at the event organised by the Federation of Indian Chambers of Commerce and Industry with the Washington think tank.

"Together, we are drawing the best from both of our societies to make better products that compete and win in the global economy," Burns said noting Tata Steel has a plant in Ohio, while Boeing uses engineers in Bangalore to design 787s whose parts are manufactured across America.

[tabasco]

1. Do Americans run motels in India? n/t

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2. sure. marriot, hotels like that.

that's 'big business'.

[fasttense]

3. While all the profits are taken back to India.

Aside from giving a few Americans a few jobs, there is no multiplier affect from people working for Indian corporations like there would be if those jobs were in a local business.

All that hard work and profits are funneled off the American economy and go right back to the foreign country.

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4. indeed. nt

[Raster]

5. One word: Bullshit!

[safeinOhio]

6. Tens of thousands jobs here

in exchange for the tens of millions they take away. SPIN.