'Indian outsourcing giants to benefit from downturn'

Last Updated: Sun, Jun 21, 2009 13:28 hrs

London: The turmoil in the financial market is likely to spell good news for the Indian outsourcing companies, as the downturn will compel multinationals to seek further economies for sustenance in these tough times, Wipro Technologies founder Azim Premji has said.

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In an interview to the Sunday Times, Premji insisted that "The Indian outsourcing giants will benefit from this downturn, as all multinationals seek further economies." Premji's statement comes at a time when the United States President Barack Obama has proposed changes in tax laws to curb outsourcing.

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