Check out this video at CNN IBN that gives an insight into this new development that might soon catch up across other IT majors in India like Wipro, Satyam , TCS, etc.
This definitely marks the coming of a full cycle for a company that was blamed as a stealer of American jobs earlier on. It is now showing how globalization not just takes but also gives back.
From the Infosys point of view this move is a crucial step because it marks the beginning of what Thomas Friedman of the "The World is Flat" fame likes to call "Glocalization". Going Global and Local at the same time. Going Global by leveraging on Local talent in foreign markets. If harnessed properly, this single step of the company will reap rich dividends for the company in more than one way
- It will integrate seamlessly with local cultures
- People would be less hesitant to work in a company that gives importance to local talent
- Local Businesses would also be less hesitant to outsource work to Infosys as it would have local people who can better relate to the local business markets.
- Each local unit would be better able to act as an engine of growth for further penetration of local markets.