The company had capitalised on the high cost of health care administration in US and demands of patients elsewhere, for "fast, inexpensive treatment" with the most modern equipment, the Wall Street Journal said in the article "India's new coup in outsourcing: Inpatient care".
The transaction, subject to Indian regulatory approvals, is expected to close in May 2004, an IBM statement said in New Delhi.
No wonder economists and corporate America alike support outsourcing. One doesn't need to get emotional to prove this. Cold facts are enough.
According to figures released by the US Department of Commerce, new foreign direct investment (FDI) in the US totaled $82 billion in 2003, over twice the amount from the previous year.
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