In: Economics
example of reverse offshoring
There has been a growing trend of reverse offshoring in global markets which is some time being forced out of political decision like stringent immigration laws and Visa rule like in case of Information Technology sector where numerous IT company from India is hiring the employees from Europe/America example being Indian IT company Wipro partenering with SAP to buy US based data centers and provide facility there to serve the world, as well as mandated by the requirements of the Service sector company to be more in synchronisation with the demand of their customers example includes many of the Indian companies are hiring freelancers from developed region so as to cater content relevant to those countries specially non English speaking nations.
In manufacturing also various global Chinese giants have invested significantly in the global markets and providing jobs to the locals, similarlh Indian automaker like Tata acquisition of Jaguar Land rover to manufacture global products in Britain.