Representatives of India’s software lobby group Nasscom will visit the US next month in the first of three planned visits to meet members of the Obama administration, at a time when business from the US is slowing on account of a recession in that country and any anti-outsourcing wave could seriously hurt software and back-office services companies here.
Although the anti-outsourcing sentiment isn’t as pronounced as it was in the early 2000s, it did surface during the run-up to the presidential elections, with the new President Barack Obama referring to it.
Nasscom, slow to react the last time, doesn’t want a repeat, and will also use the services of professional lobbying firms in the US to ensure that the “right information is provided to policymakers”.
Obama imposed new rules on lobbyists, seeking to diminish their influence the day after he became the US’ 44th president.
At least 60% of the $40 billion (Rs 1.96 trillion today) that India’s software and back-office services firms earned in 2008 from exports came from the US.
Nasscom president Som Mittal declined to give details of the firms, but acknowledged that his organization has two “well-networked professional firms” to make sure that “our perspectives are given to the (US) decision makers”.
He added that while addressing the fallout of the fraud at Satyam Computer Services Ltd “is not a focus area”, Nasscom’s representatives would discuss “concerns about corporate governance” with US officials, who wanted to discuss this.
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