Trump’s trump can jolting to Indian IT sector
What will be happen after 20 January, when Trump takeover the American Government. Indian outsourcing companies afraid of own dobule loss.Because Indian outsourcing giants Infosys and Tata Consultancy Services will hire more engineers from campuses in the United States as they brace themselves for stringent visa norms expected to be unveiled by the new American administration led by Donald Trump. The move marks a change in strategy for the $150-billion Indian outsourcing industry, which until now has mostly relied on hiring large numbers of engineering graduates in India who were then posted to overseas client locations, a model that helped the industry win multi-billion dollar contracts but has also attracted the ire of locals. Last fortnight, Senator Jeff Sessions, in his confirmation hearing for the post of attorney general of the United States, said that the Donald Trump administration will push for legislative reform to curb what he termed as "abuse of H-1B visas for foreign workers". The Indian outsourcing industry, whose biggest market is the US, has been a beneficiary of the H-1B visa system. "We are (now) looking at hiring from more colleges in the US. With the (new) visa rules, we will have to look at building a pyramid there," UB Pravin Rao, chief operating officer at Infosys told an english daily.
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