Nasscom shrugs off 112 anti-outsourcing US Bills

The Hindu Business Line
THE National Association of Software and Services Companies ( Nasscom) today said it is not "overly concerned" on the issue of introduction of more than 112 anti-outsourcing bills across 40 States in the US during the first three months of 2005, as State Government contracts currently account for less than two per cent of the total IT work that US outsourced to Indian companies. "We are not overly concerned about the issue as the US State Government contracts account for a very small proportion of the work for the Indian IT industry. In absolute terms it is valued at about $150 million," the Vice-President of Nasscom, Mr Sunil Mehta, said here. more...