Indian IT companies hiring more foreigners

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Estimated 40,000 expatriates now working in India

May 20, 2008

Infosys Technologies, Tata Consultancy Services (TCS), and HCL Technologies not only have one or more foreigners on their boards but also hire people overseas to work at the entry level. It is estimated that as many as 40,000 expatriates are currently working in India, of which 15 per cent are in top leadership roles.

Infosys has hired from 82 US colleges and universities, Wipro has hired 200 from colleges in the US and Europe while TCS has hired from 24 colleges in the US and Canada. Many of the newly hired are stationed in India while those to be deployed outside India are generally given orientation course for a few months in India.

Due to the appreciation of rupee against foreign currencies, particularly the dollar and rapid increases in salaries of Indian IT professionals, the hiring of workers overseas is becoming cheaper than sending Indians abroad.

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