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Wednesday, August 10, 2005

Financial Industry Offshoring

We bring good things to life... Except American jobs:
GE Capital International Services, or Gecis, the back-office operations of General Electric Co. (GE) will hire 500 more people at its Jaipur center, taking the total staff strength at the northern Indian city to 1,500 by early next year. The company will also invest INR750 million to set up a new facility in Jaipur, said Pramod Bhasin, President and Chief Executive, Gecis Global in a statement.

The Jaipur center provides services in areas such as accounting, accounts receivables, customer service and technical support to both GE and non-GE customers in the U.S., U.K. and various other European countries, said Bhasin. It caters to industries such as commercial banking, consumer banking, corporate financial services and computer manufacturing, he added.
It's not just the techies anymore.

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