Business of Outsourcing

Infosys chairman N.R. Narayana Murthy on the Outsourcing backlash:

Let me explain that to you — when I get up in the morning I use my LG refrigerator, a South Korean product. You know we had our own refrigerator industry but it could not compete with these MNCs so it closed down, and jobs were lost. Then I drink a Coke or a Pepsi — we had our own soft drink industry but they closed down and jobs were lost. Then I use my Toyota — we had our own car industry, not very good but still, and it too had to close down and again jobs were lost. Then I come to my office and I use my Toshiba laptop or my Dell desktop — we too had our computer industry but it could not compete with the global giants and they had to close down — so you see again we lost jobs.

Now, I could take two views, the first view is we must keep these MNCs away as they cause loss of jobs — probably five million jobs. The second view is these MNCs have enhanced competition in India, they have enhanced customer satisfaction, as a result, 200 or 300 million Indians have benefited. I would like to believe that a paradigm which has benefited 300 million Indians is much better than not having that.

Nice stuff. Read the full interview here.

IIPM update

Some fine pieces of investigative blogging here, here, here and here. It seems that it is an international collusion for perpetrating fraud. More on this later in the day. Check this space for updates.

Update1: Like father like son. Excellent work there in unearthing Papa C's educational qualifications. As an aside, Papa C stood from an obsure town called Balasore which happens to be yours truly's hometown! Something about German education system. Amond Paranjpe dissects the legal notice.

Update2: More from Thalassa_Mikra. And some more on Papa C. Superb stuff!

Update3: Bussinessworld had IIPM on it this time. (requires free registration).

Update4: Feature in Outlook. From Stravinsky's Sizzlin' Shack.

I want a legal notice too

Late to throw my hat into the ring. Nevertheless, better late than never.
The story so far: Sometime ago Rashmi and JAM magazine had done an expose on IIPM. Gaurav Sabnis, a popular blogger, linked to her article and was served a legal notice via e-mail. Some days later Varna, another bogger, received a similar legal notice. Gaurav has subsequently resigned from his job so that his employer isn't dragged into the controversy. Meanwhile the entire blogging community has risen in support of Rashmi and Gaurav.

The IIPM guys have gone a bit too far this time. Not only do they have the nerve to advertise such blatant lies about themselves, but also they have the cheek to threaten to silence whoever writes against them. Wonder where the head of the legal cell of IIPM got his degrees from. Is it IIPM just like it's patron in chief Arindam C? Folks you are welcome to serve me a notice too.

The fact is that fracas has resulted in a lot of negative publicity for the institue. The people who will suffer most are the students of IIPM. If being taken in by this fraudulent institute was not enough, many now face what little prospect that they had of getting a decent job, given the PR machinary of IIPM, slipping out of thier hands.

I stand by Gaurav and Rashmi and all who are with them against these foul mouthed rascals who have left their comments on Rashmi's blog and sprang up blogs overnight. Hats off to you folks for standing by your principles.

Sonia for Peace!

*ROFLMAO*

Wedding proposal modern style

Barry wanted a special and original wedding proposal. Guess what did he do? Follow this link to find out! Hmm.. Ingenious way of proposing.

Hat tip: Shiv