US President Barack Obama said ” no to bangalore and yes to buffalo” as he struggles to bring the ailing American economy back on track.
Certainly a bad news for all of us completely focussed on offering offshore services to the US companies. i remember reading the economic time a month ago quoting the BPO industry in Bangalore having 33% grow inspite of recession allover. more companies where ready to take advantage of smaller towns and rural areas and establish businesses in this sector.
This is a bad news for even the entrepreneurs in smaller towns. smaller companies will be much effected by this move, as it is very easy to replace a smaller facility or integrate it or establish in an onshore location.
The infrastructure and telecommunication facilities in India are getting cheaper day by day should only help the industry gain more grounds and move forward and not just depend on the US business.
