Posted By Jay Joshi
What has this thread to do with outsourcing to India?
What is relatively unknown to a lot of people is that India is now the third largest investor in the UK. It is not all a one way traffic.
The membership of European Union was not compelled upon us.
As a proportion of real incomes, cost of living is not "cheap" for Indians living in India.
Yes, in comparative terms, it may seem cheaper for those living here, but not for those in India. and the standard of health & safety is not a significant factor.
It is the unorganised sector in India that has huge safety issues, not the organised sector.
It is not "cheap & easy" to hire & fire in India--refer to:-
http://news.bbc.co.uk/1/...d/south_asia/4103554.stmIn any economy, whether highly developed/emerging/developing or under-developed, unsafe practices resulting in fatalities and injuries cost in time & efficiency etc
Some of its private and government sector has safety records at par with the best in the world.
There are numerous other companies,in Manufacturing, Oil & Gas upstream & down stream, Chemicals, Pharmaceuticals and obviously IT, that have excellent governance (this includes HSE performance) and employee relations as the key to success.
Tata Steel, for example, began the eight-hour work day for employees in 1912, long before the US or Europe, and a year after Britain accepted the 12-hour day. It introduced leave with pay in 1920, 25 years before it became law in India. It set up a provident fund for employees in 1920, 32 years before it became law in India.
Link below give details:-
http://www.tatasteel.com/company/milestones.asphttp://www.tatasteel.com...stainability/default.asp