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Indian IT/Business Process Management (BPM) sector is supporting nearly half a million jobs in 15 Asia-Pacific nations that are in negotiations for a mega-regional Free Trade Agreement (FTA). This is in addition to the sector accounting for 3.5 million jobs in India — which is also part of the proposed mega FTA, officially known as the Regional Comprehensive Economic Partnership (RCEP) involving, thereby, a total of 16 Asia-Pacific countries. However, the Indian IT/BPM industry — despite supporting so many jobs and investing billions of (U.S.) dollars in the RCEP region – has been facing a host of problems, including restrictions on movement of professionals for short-term work, according to industry body Nasscom. This was stated by Nasscom in a presentation made by its senior director (global trade development), Gagan Sabharwal on July 25 before a gathering of the RCEP industry groups. The trade negotiators were later shown some highlights of the presentation.
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