Lazy workforce | Millionaire founder tells staff 'return to office or risk being outsourced to India'

A multimillionaire business founder has warned employees working from home that their roles can be easily outsourced to countries such as India for a fraction of the price.

Iqbal Singh, founder of financial advisory firm Innovative Consultants, warned that those in the West resisting returning to the office could easily be replaced for as little as ten per cent of the cost.

The business mogul said that Indian investors are increasingly looking at opportunities across industries such as finance, education, healthcare and minerals.

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“We are the largest consumer market, so we are looking at these three or four areas we can collaborate and at the same time mutually benefit from,” explained Singh, whose company is based in Northern India.