EXTENDING its full support to India on the issue of outsourcing, Britain has assured New Delhi that it will not succumb to pressures of protectionism as in the US. "Unlike in the US, we have taken a different position on the debate around job losses and off-shoring. We have brought together trade unions and businesses to highlight that the process will save rather than lose jobs," British Trade and Industry Secretary Patricia Hewitt said.
Extending Britain`s full support to India both at the second Annual India Business Forum conference and at a meeting organised by the Labour Friends of India with visiting Chamber of Indian Industry (CII)delegation at the House of Commons, Hewitt said: "One more job in India does not mean one job less in Britain. As India grows, we must celebrate that it is coming out of poverty."
Her words were echoed by CII President and Hero Group CEO Sunil Kant Munjal who said: "India will become the youngest country in terms of demographics in the next ten years because of a large population in the working age group of 19 to 59. The issue of job losses will be meaningless as there may just not be enough people to do the work here."
Referring to the future of economic reforms in India, the CII President asserted that the process of liberalisation will be carried forward at the meeting held at the House of Commons on Tuesday evening.