Once I said we are all privileged to work for an American Corporations as we get the best salaries which has changed our lives. We could not have visualized the life we are living today without the Global Outsourcing that has happened in the last decade.
Mr XYZ said, yes and we give all the money back to the US.
To the US? Is Mr XYZ crazy? No he is not. Think about this.
The American Corporations pay 1/3rd the salaries to their Indian employees compared to their US Employees. The quality of services and goods provided by Indian Employees are at par or superior to their US Colleagues. These corporations have bigger facilities in India.
They make huge profits from Asian Operations and also see India as a Big market to sell their products and smart enough to sell as expensive as they sell in US. A Pizza Costs 2 to 4 US Dollars in India or in US. A Sub costs about 2- 5 USD in India or in US. Air fair between New York to Detroit is same as Air fare between Chennai to Mumbai and a 300 ML Pepsi can costs 1.25 USD in US and 0.70 cents in India. We all buy a Jeans from Levis, Drink a Coke or Pepsi, have a Pizza at Domino's or Pizza Hut, Have a 6" Sub at Subway, Burger at Mc Donalds and Chicken Wings at KFC.
We all save our money in Citibank and have an Amex Credit Card. Pay interest to American Express every month for our over spending.
All the money we earn from American Corporations we pay back to them as profits for these corporations from low cost sourcing, Profits by way of selling their products made in India to Indians at American Costs, Pay interests on our Credit Cards and eating in American fast food chain.
Yes I agree with Mr XYZ we pay back what we earn from America back to America but I love doing all that. Just "The Other Side"
Krishna Datta
21 January 2010
Are you working for an EAST INDIA COMPANY or its sister concerns?
ReplyDeleteWhat are they taking in the name of giving?
Creating Brand mania (virus) - Cars, Clothes, Bank, Insurance, Food, Shoes, Cosmetics, underwears, water and tag it 10 times than normal price.
If you observe closely they dont MANUFACTURE anything in their country they only come with a piece of paper that you can call formula. then they demand for free land and subsidised resources (power, water, taxes, duties etc.,) and they say they are generating job opportunities in Indian (for howmany Indians?). They use all our resources (not only human but also natural resources) and create the items and export it to thier world markets. EAST INDIA company is far better than this concept. they only used india as a market. They did not consumed our resources this much.
Poor MNC employees pay 50,00,000 for the same HOUSE/LAND which costs 5,00,000 before an American company enter into India.
Obviously they go for loan from a bank (preferably MNC) and get into agreement for next 20 years that is LIFE time in other words.
No (or most of them) MNC buy a piece of land or building in INdia they only get into rental. They can anytime vacate whenever they want.
Securing the Dollar value is now Indias and Chinas responsibility. Because they have plenty of that currency PAPERS printed in Americas.