NASSCOM

Obama "Fast Tracks" Offshore Outsourcing

Remember all of that rhetoric on the campaign trail about outsourcing and trade agreements?

Guess what the Obama administration is doing? Fast Tracking Trade with the most common landing place for your job, India.

The United States has announced a new programme to fast-track high-technology trade with India from which General Electric's India division will be the first Indian company to benefit.

"This is an important step in enabling a more rapid and efficient flow of sensitive technology between India and the United States," US Secretary of Commerce Gary Locke announced at the US-India Business Council's 34th Anniversary "Synergies Summit" Wednesday.

"This is an important step in enabling a more rapid and efficient flow of sensitive technology between India and the United States," Locke said.