Serious Piyush Gupta of DBS Bank moves 1500 local jobs to Hyderabad - Did Ho Ching agree?

[tanwahtiu]

talk only.

ah neh got one hand smell of shit from wiping their arse and will spread their disease and all production workers fall sick.

this is one reason ah neh will fail in manufacturing.

http://timesofindia.indiatimes.com/...e-Chairman-Terry-Gou/articleshow/48402722.cms


Foxconn plans factory in every Indian state: Chairman Terry Gou

 

[Dinkum]

Very very SERIOUS : Piyush Gupta of DBS Bank moves 1500 local jobs to Hyderabad

One thousand five hundred jobs will be farmed out to DBS’s technology hub in Hyderabad over the next two years said Piyush Gupta in a press statement earlier this week.

“The new facility will be our largest tech hub outside our home market of Singapore. India was a choice market for this investment given its enabling ecosystem for technology innovation and access to a wide global talent pool,” DBS Group Chief Executive Piyush Gupta said.

DBS Bank has created a wholly-owned subsidiary in India, DBS Asia Hub 2, for this purpose and according to a filing with the Stock Exchange of India, the initial paid-up capital stands at Rs. 70.5cr (SGD 15M).

There are growing concerns that this move will trigger a trend towards outsourcing of our jobs to countries with lower costs structures in the name of efficiency.

“This is going against the grain,” said a local business owner who has been providing technical talent to DBS. “I thought the government was supporting local PMETs. But this move suggests that the government is not sincere about the promises it makes to the local businesses. Maximizing profits is the order of the day!” said Mr Rao.

The announcement was rather muted in the local media in Singapore, which is another cause for concern, said Mr. Rao.


http://theindependent.sg/business/piyush-gupta-of-dbs-bank-moves-1500-local-jobs-to-hyderabad/

What is the difference? If this keleng bastard CEO does not farm out these jobs to India, he would hire keleng foreign trash to work in Singapore.

Just go and take a look at DBS located at Changi Business Park.

 

[frenchbriefs]

http://timesofindia.indiatimes.com/...e-Chairman-Terry-Gou/articleshow/48402722.cms


Foxconn plans factory in every Indian state: Chairman Terry Gou

the news reporting is hilarious,its like they are trying to flatter and praise themselves to high heavens like their stink of their shit,desperately trying to convince themselves.

 

[Happyhour]

The latest I heard is that Ho Ching did not agree to this, but the problem is she disagreed by shaking her head left , right, left, right many times. To the ah neh this means its a Yes so he carried on.

 

[JohnTan]

The whole purpose of the CECA agreement is to facilitate Singapore's business expansion into India. We also signed a whole raft of trade agreements with China decades ago when China was just opening up. Thanks to CECA, we face far less red tape investing in India and we can easily transfer our top sinkie managers to manage the local Indian natives in the Indian plant.

 

[Unrepented]

Any idea this "DBS Asia Hub 2" in abnnland is for overseas market bank accounts, or also include ops managment for singapore home market bank accounts

 

[Hans168]

Better than moving the FTs here, where they take up space and steal your jobs. Onshoring was a lame idea anyway.

unfortunately despite moving jobs to ModiLand, f trashes will cont'd to come and steal other non-movable jobs

why dun we move Piyush Gupta to India.......... n give him inidian pay too???

 

[harimau]

Hsbc scaling down in India, DBS scaling up? Die!

HSBC To Shut Down Half Of Its Branches In India, 300 Jobs To Go