India has created 30,000 US jobs in reverse outsourcing trend

A recent business study by US-India Business Council (USIBC) and the Federation of Indian Chambers of Commerce and Industry (Ficci) has demonstrated that twelve top Indian companies have invested billions of dollars in the US, creating and retaining more than 30,000 American jobs. Essar, HCL, Tata, Mahindra and Wipro, are among those that have generated jobs for the US.

Tata Group employs 19,000 Americans and has invested over US$3 billion, besides operating 16 businesses in US. Indian employers and their American workers contribute billions of dollars to the Federal, state and local treasuries by way of wages, corporate taxes, payroll taxes and income taxes, the study said.

These jobs and investments stimulate local economies. From the building sector to law firms, advertising agencies and other professional services firms, Indian companies are investing billions of dollars into the US economy.

With a presence in nearly a dozen states like Arizona, Colorado, Florida, Missouri, New York and Texas, Essar's American operations generated more than $110 million of revenues last year and has employed 7,200 people. Jet Airways has purchased 72 aircraft from Boeing and has 120 direct employees in New York, New Jersey and California.

India's pharmacy major, Ranbaxy, which is to be acquired by Japanese firm Daiichi Sankyo, has created 600 jobs and produced 142 drugs, the report added. In the IT sector, Satyam employs 5,000 Americans and Wipro Technologies has created more than 8,000 jobs. HCL Technologies has helped to develop safety and navigation equipment for Boeing's new 787 Dreamliner aircraft. In America, since 1989, HCL employs 3,000 in 21 locations and serves clients in 200 cities.