After the attack by Hamas on Saturday last week, a new war has started in Western Asia. After the worst attack in nearly 5 decades, Israel has declared war against Hamas. This war continues for the sixth day today, and its impact has slowly started spreading. There are fears that the war may drag on, and many companies may look at options to shift their operations.
These Options Of Companies When Tension Increases
According to an ET report, many global tech companies have offices in Israel, and their operations are being affected amid the latest tension. If the ongoing war between Israel and Hamas drags on, those companies can shift their operations from Israel to India or other countries. Indian IT companies like TCS and Wipro can now move their work to India.
Offices Of More Than 500 Big Companies
More than 500 multinational companies have offices in Israel. Big names like Intel, Microsoft and Google are also included among them. These offices of the companies are in the form of the Global Capability Center and Research and Development Center, in which more than 1 lakh people work.
India and Eastern Europe Benefit
In the ET report, quoting experts, it has been said that companies running offices in Israel, if necessary, can shift their operations to places whose time zone is equivalent to Israel. He says that apart from India, companies can also consider other West Asian countries or Eastern European countries.
According to experts, if the matter drags on, companies will look at alternative locations to limit the impact on their operations, which can significantly benefit India and Eastern Europe.
Thousands Of People Killed, Lakhs Displaced
Hamas attacked Israel on Saturday morning. Over 1,000 Israeli people have been killed in the attack, and many are missing. Israel has taken a tough stance on Hamas’ attack and has declared a total war.
After that, Israel continuously retaliated, and thousands of people were killed in that, too. The United Nations says that millions of people have become victims of displacement due to the ongoing war between the two sides. At the same time, the IMF and World Bank have expressed the fear that global economic progress will be affected due to this new war in Western Asia.
