Obama's Tax Reforms: 'We will survive' say BPOs

Written by: Super Admin
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New Delhi, May 6: After Barack Obama announced the tax reform policy that were seen to have repercussions on the BPO and other outsourcing industries in India, India Inc has expressed confidence that BPOs will survive despite the reforms.

"It's a more US-US issue rather than one aimed at stopping outsourcing, or off-shoring, or anything to do with India," said Som Mittal, president of the National Association of Software and Service Companies (NASSCOM), a representative body for the industry.

Maintaining that it was more of an internal issue, he added that more than stopping outsourcing or off-shoring the reforms concentrate on collecting taxes.

The Confederation of Indian Industry also opine that the remarks were on the nature of posturing than on outsourcing.

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