An Indian call centre company is to create 200 new jobs in Scotland, it has been announced.
HEROtsc will base the posts at locations in Larbert, near Falkirk, and in Kilmarnock, East Ayrshire, following government support of £850,000.
The firm already employs more than 1,600 staff at seven call centres across the country.
The announcement was made by First Minister Alex Salmond during a visit to the Commonwealth Games in Delhi.
Mr Salmond confirmed the news following a meeting with HERO Group management.
He said: "This announcement demonstrates the skills and expertise of the workforce in Scotland which will enable HEROtsc to significantly extend its reach across European markets.
"I was hugely impressed by the staff I met when I visited HEROtsc's Scottish headquarters in Larbert earlier this year and I am sure that the business can continue to build on its current success and reputation for high quality service."
The £850,000 awarded to HERO is in the form of Regional Selective Assistance grants made through Scottish Enterprise.
Earlier, Mr Salmond spoke of Scotland's strong links with Asia and his aim of developing closer economic links.
"We have one of the most thriving Asian communities in the world - food, the arts, business and religious tolerance and diversification have all benefited enormously from the 35,000 Indian people who call Scotland home," he said.
"As an emerging global economic power, India is an essential partner for Scotland."
The first minister said 11 Indian companies had made investments of £700m in Scotland during the past five years, employing more than 3,200 people.
An estimated 4,000 Indian students also study at Scottish colleges and universities.
It was also announced on Monday that a new business partnership was being set up to help Scottish companies expand into India.
Athletes visit :
The Scotland India Business Organisation will provide practical and administrative support to firms who spot development opportunities.
Mr Salmond's trip will run until Thursday's closing ceremony for the 2010 Delhi Commonwealth Games, during which the official handover to Glasgow will take place.
The city is due to host the next Games in 2014.
During a visit to Team Scotland on Monday, Mr Salmond met newly-crowned gold medallists Jocelyn Rae, Jennifer McIntosh and Kay Copeland, as well as bronze medallist David Millar, the women's hockey team and wrestlers Donna and Fiona Robertson.
He said: "I've had a fantastic time at the athletes' village, the medals for Team Scotland are coming thick and fast and our athletes are getting a heroes' reception wherever they go.
"Morale is extremely high, the atmosphere is great and the athletes are really enjoying themselves representing their country.
"They are making Scotland extremely proud and I wish them continued success for the remainder of the Games."
Source: bbc.co.uk
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Obama to Act Against Outsourcing Jobs
Indian industry is due to suffer a major blow, as President Obama is getting ready to end the tax break for companies who are outsourcing jobs overseas.
He accused opposition republicans, of putting politics before economy and encouraging companies to outsource jobs and profits to other countries.
He was speaking during a mid-term campaign in Ohio Wednesday. He emphasized that the tax breaks should go the companies wh
o create jobs in America. He also vowed that he would allow Bush era tax-cuts to expire for the people who earn more than $250,000, which the tax-cuts would be extended for the people who earn less.
He is also determined to push a new $350 billion plan to recover a failing economy which includes tax cuts for business to write off 100% new investments and to purchase new equipments. White House officials estimate as result of this plan, 1.5 million companies will benefit and it will be largest temporary investment incentive in American History.
He also highlighted a new proposal for the investment in infrastructure and also for extending tax credits for new research and development to businesses.
He emphasized that the difference between the vision of republican and democratic is of vision. While Bush era, allowed tax-cuts to be given to companies, who outsourced jobs and profits to other countries. While he is going to encourage companies, who will retain jobs and profits in America.
He also urged the Senate to pass the small business job bill that is stalled due to the differences between Republican and Democratic differences.
It should be noted that a major part of profits of Indian IT and BPO Jobs comes from outsourced jobs and services of American companies.
Source: indianviral.com
US loses 54,000 Jobs, Obama Promises New Package
WASHINGTON, USA: As the US lost 54,000 jobs last month, President Barack Obama promised a new package of ideas next week on job creation and lashed out at Republicans for blocking a legislation to help small business.
Obama's renewed criticism of opposition Republicans came in the wake of Friday's release of new unemployment figures showing a r
ise from 9.5 percent to 9.6 percent in August.Economic recovery in N.America slipping.
Most of the job losses in USA, however, came from the public sector as the government cut 114,000 temporary census workers according to the Labour Department. Private businesses added 67,000 jobs to their payrolls.
August was the eighth straight month that businesses added jobs, following nearly two straight years of job losses. So far this year businesses have added 763,000 workers to payrolls.
"That's positive news," Obama said at the White House, flanked by his top economic advisers. It "reflects steps we've already taken to break the back of this recession."
"I don't regret the notion that we are moving forward ... because of the steps that we've taken," he told reporters. "The key point I'm making right now is that the economy is moving in a positive direction. ... We just have to speed it up."
But he warned, "There's no quick fix to the worst recession we've experienced since the Great Depression."
Senate Republicans, he said, were responsible for a "needless delay" in the passage of legislation designed to increase bank loans to small businesses.
Specifically, the measure would set up a $30 billion lending fund to help community banks offer small businesses credit. It also would provide tax breaks to small businesses that invest in new equipment and hire unemployed workers.
The House of Representatives passed a similar bill in June. Republican opposition has focused, among other things, on the cost of the measure.
In a statement, Republican National Committee Chairman Michael Steele said, "With 54,000 more Americans finding themselves out of work this month and unemployment rising to 9.6 percent, President Obama's 'Recovery Summer' has ended right where it began, with Americans continuing to lose their jobs and unable to find new ones."