A day after US president Barack Obama lashed out at American companies outsourcing to India, tech major Infosys Technologies brushed aside the apprehensions that the remarks were aimed at Indian companies.

Kris Gopalakrishnan, CEO and MD of Infosys, said Obama’s remarks were aimed at US companies that have operations in multiple countries.

“What he (Obama) is talking about is US companies setting up operations outside of the US, not about outsourcing to India. That is very clear. But it is not about us as far as I can see,” Gopalakrishnan said on the sidelines of a function here.

Obama had said it was time to slash tax breaks for companies that ship jobs overseas and give exemptions to those that create jobs in the US.

Source: Business Standard