Not bloody likely. I know LOTS of companies that tried it with the best of intentions, but I don't know of any that stuck with that program for any length of time. It is a guaranteed disaster almost every time. Parity mismatch between theory and reality, big time.
Let me put it this way: All this experimentation with Far East programming teams in the exuberant '90s has thoroughly poisoned the chance of it ever being considered again for a long time. They had their chance and left a bad enough impression that even the second-hand reputation of such things is branded in people's minds.