"Mr. Cote, who serves on the President's Economic Recovery Advisory Board... said Honeywell has established a major engineering center in India, not just because labor is cheaper here but because in many respects it is better, a message Mr. Obama has also talked about."
http://online.wsj.com/article/SB10001424052748704366704575597762097412210.html?mod=WSJ_hp_LEFTTopStories
http://online.wsj.com/article/SB10001424052748704366704575597762097412210.html?mod=WSJ_hp_LEFTTopStories