Editing Content :: Admin Scraper

Chapter

Content type

Position

Value

Box 3.2: Global Footprint! Owing to globalisation, you might find many Indian companies have expanded their wings to many other countries. For example, ONGC Videsh, a subsidiary of the Indian public sector enterprise, Oil and Natural Gas Corporation engaged in oil and gas exploration and production has projects in 16 countries. Tata Steel, a private company established in 1907, is one of the top ten global steel companies in the world which have operations in 26 countries and sell its products in 50 countries. It employs nearly 50,000 persons in other countries. HCL Technologies, one of the top five IT companies in India has offices in 31 countries and employs about 15,000 persons abroad. Dr Reddy's Laboratories, initially was a small company supplying pharmaceutical goods to big Indian companies, today has manufacturing plants and research centres across the world. Source: www.rediff.com accessed on 14.10.2014. accountancy, banking services, music be availed at a cheaper cost with recording, film editing, book reasonable degree of skill and transcription, clinical advice or even accuracy. The low wage rates and teaching are being outsourced by availability of skilled manpower in companies in developed countries to India have made it a destination for India. With the help of modern global outsourcing in the post-reform telecommunication links including the period. Internet, the text, voice and visual data in respect of these services is digitisedWorld Trade Organisation (WTO): and transmitted in real time over The WTO was founded in 1995 as continents and national boundaries. the successor organisation to the Most multinational corporations, and General Agreement on Trade and even small companies, are outsourcing Tariff (GATT). GATT was established their services to India where they can in 1948 with 23 countries as the global trade organisation to administer all multilateral trade agreements by providing equal opportunities to all countries in the international market for trading purposes. WTO is expected to establish a rule-based trading regime in which nations cannot placearbitraryrestrictions on trade. In addition, its Fig. 3.1 Outsourcing:anewemploymentopportunityinbigcitiesose is also to enlarge 46 INDIAN ECONOMIC DEVELOPMENT Reprint 2026-27