OPINION:
Several articles in The Washington Times last week underscored the stubbornly high national unemployment rate (8.2 percent) and indications that private-sector employers are putting the brakes on hiring: (“U.S. unemployment claims signal slower hiring,” Web, April 19).
Jobs and the economy are undoubtedly the top issues this election year. Some debate has focused on the costs of free trade and the outsourcing of American jobs overseas, particularly to newly emergent economic powerhouses such as India and China.
However, there is a new, growing trend taking root across the country: insourcing. As the executive vice president and America’s regional head for Tata Communications, a global telecommunications and enterprise IT operating company of the $83.3 billion Tata Companies, I see the other side to this story every day in our U.S. headquarters in Northern Virginia.
Indian companies, including my employer, are among the fastest-growing job creators in the country. Indeed, research by the Confederation of Indian Industry shows that just seven Indian firms presently employ more than 65,000 people across the United States, and that Indian companies have invested more than $26 billion in the country in recent years.
The majority of our 448 U.S. employees, many of whom are located in Northern Virginia, are American citizens. Tata Communications’ investment in the United States creates jobs, supports the economy and improves the country’s communications infrastructure and connectivity with the world.
The United States remains the world’s largest economy and continues to attract significant foreign investment for good reason. Tata Communications believes the United States is a sound investment, and I hope the country continues to remain open to foreign employers.
DAVE RYAN
Executive vice president, Americas regional head
Tata Communications
Herndon
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