Companies such as Infosys and TCS can automate and offshore jobs to cater to their US clientele.
IT veteran TV Mohandas Pai, chairman of Manipal Global Education, said that the Trump administration’s accusation of Indian IT companies violating H-1B visa norms is not correct. Pai, a former CFO and board member of Infosys, pointed out that the US-based companies face a great shortage of talent.
In an interview with Firstpost, Pai said that the companies like Infosys, TCS are not taking away jobs but meet the demand.
“They are not cheap as billing is $125,000-150,000 per year to the client. They pay employees well, pay medical insurance and high visa fees too, besides paying social security and taxes,” he said in an e-mail interview, Firstpost reported.
Pai thinks that the senior US officials’ criticism that the Indian IT giants are holding a lion’s share of H-1B visas is based on old data.
“From 2015, these companies have reduced their applications. Nasscom has given the latest data now. For 2017, these companies would have applied for even lesser visas. Despite lesser visas, if 199,000 applications have come, it shows the great need for overseas talent,” he said.
Pai also said that the US government’s proposed curbs on the H-1B visas would have minimal impact on the Indian IT industry. Companies such as Infosys and TCS can automate and offshore jobs to cater to their US clientele.
“Indian IT firms will do well. More jobs will go offshore. Clients there will pay more for talent and more tech will be done in India,” he added.
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