Opposing the passage of a federal law by the US Senate to ban outsourcing of government contracts, India said it would take up the matter with American authorities. According to Arun Jaitley, “this has come as a surprise. What was being considered a bad policy is now being promoted. We would take up the matter with appropriate US authorities at appropriate occasion.” Addressing a FIEO meeting after announcing mini-Exim policy, Jaitley said “this sends wrong signals, especially as while market access is advocated for some sectors it is denied in some sectors.” He said as a matter of principle the move was wrong. It was not a question of value as this ban would only impact about 2 per cent of outsourcing from the country.
