For the critics of outs ourcings, this should come as a news that India created 300,000 jobs in US.

This was told by Commerce and Industry Minister Anand Sharma at a press conference at the Willard Intercontinental Hotel in Washington after his meetings with US Trade Representative Ron Kirk and Commerce Secretary Gary Locke.

Mr Sharma said “About 100 Fortune 500 companies have their research and development hubs in India and 220 of them source their software from India. Don’t forget India has a huge information technology industry, (so) where does the hardware come from”

“That’s why any protectionist barrier is dangerous,” Sharma argued.

He said, “Indian industry in the five preceding years has invested over $106 billion in the US and created 300,000 jobs. IT industry alone has created 250,000 jobs in America.”