Beijing, Feb 24: Ignoring Indian talent and attaching too much importance to the workforce from the US and Europe is Chi’s mistake, a Chinese daily said on Friday. However, the editorial in Global Times caustically said it was way cheaper to hire Indians as “the cost of employing an Indian engineer is just half the cost of hiring a Chinese worker”.
The paper said wooing high-tech talent from India would help Chi in innovation. “Chi has perhaps not been working hard enough to attract science and technology talent from India to work in the country,” it said.
“Over the past few years, Chi witnessed an unprecedented boom in tech jobs as the country became an attractive destition for foreign research and development centres.
“Chi has made the mistake of ignoring Indian talent, and instead has attached a greater importance to talent coming from the US and Europe.” Citing some reports, the paper said: “The cost of employing an Indian engineer is just half the cost of hiring a Chinese worker, which means Indians could see their revenue more than double if they came to work in Chi.
“However, now some high-tech firms are turning their attention from Chi to India due to the latter’s relatively low labour costs. Attracting high-tech talent from India could be one of Chi’s options for maintaining its innovation ability.” It cited how an American software firm had shut its research and development team of 300 people unit and set up a unit in India with some 2,000 professiols. “With a sufficient young talent pool, India is becoming increasingly attractive.
“Chi cannot afford to risk a decline in its attractiveness for high-tech investors. The tion is among the third echelon in cutting-edge technology fields and is working to catch up with the US and the result of its efforts will decide whether Chi will maintain its status as an emerging global economic power.”
It said Chi’s talent pool was not large and flexible enough to meet demand for the rapid expansion of innovation capability. “Some enterprises in Guizhou province provide convenience for Indian talent in terms of housing, insurance and transportation who could enjoy a much better standard of living in (Chi) than in Bangalore.” (IANS)