M.S.Yatnatti Editor Property Politics
by Admin User - Friday, 21 February 2020, 03:14 PM

By: M.S.Yatnatti Editor and Video Journalist Bengaluru : Indian IT companies should stop cribbing and they should always leverage the advantages .Get Going and do something to overcome the situation. Stop begging the US Government .H1B Visa may be trade and service matter and may not be an immigration issue as per Indian Government officials. Trump can be trumped after all he is a businessman and his decision can be taken as blessing in disguise. Indian IT companies have visa independent global delivery model where it reduced the total effort onsite (at the client location) in a project from about 30% on an average to just 10%. “And this 10% will be delivered by local hires. Reportedly the top four Indian IT firms have over 55,000 American employees in the US. The number is sharply up from a few years ago, and reflects the companies’ efforts to overcome visa barriers and become more global in their operations .Including Cognizant, which is US-headquartered but has an India heritage, the tally of American employees is over 1 lakh. Cognizant employs 46,400 people in North America.IT industry body Nasscom’s data on American employees — disclosed for the first time — shows TCS has 20,000 such employees, Infosys 14,000, HCL 13,400, and Wipro 10,000. For all of them, these numbers are about 70% of their overall US employee strength (including those on visas). Reportedly Infosys had committed in 2017 to hire 10,000 American workers at its US operations. The data shows it is now well over that target. While visa is one reason to have local hires, the other is the newer kinds of digital and outcome-based work that IT companies are now doing, and which require client proximity. Infosys, for instance, has set up half-a-dozen technology centres across Indiana, Connecticut, Rhode Island, Texas, North Carolina and Arizona.Indian IT’s local hiring will serve to reduce subcontracting costs, which have been soaring in recent years. To meet people requirements quickly, the companies depend on subcontractors who supply staff. But these expenses can be prohibitive. For Infosys, this expense rose by 40% to Rs 6,031 crore in 2018-19, compared to Rs 4,298 crore in the year before. For TCS, subcontracting expenses rose by 26% to Rs 11,330 crore in 2018-19. Indian IT is also likely to find significant support among its US customers. The Indian software industry has largely been responsible for building as well as maintaining the information infrastructure of most large US corporations. It plays a very critical role in the success of US corporations, that tampering with it wouldn't be easy. IT companies conducted several pilots and all of them were very successful, "The global downturn and “Buy American and hire American” theory has brought along with it new opportunities. It is for the industry to identify the opportunities and move ahead," Indian IT companies can hire American and sell American and make killing profits in America as American IT companies hire Indian and sell Indian and make killing profits in India . “Make in India American products” "The Indian industry will continue to do well if they learn that there are no easy pickings any longer." And that's true of all companies, irrespective of their size..The US was teaching all countries Globalization and now suddenly talking localization “Buy American and hire American”. Investors from around the world, including in the City of London, will be listening carefully for how America's Donald Trump is set to sign an executive order to overhaul the H-1B & L-1 visa programmes, which let tens of thousands of Indians work in the US, drove tech stocks down and sparked speculation in the IT sector about an uncertain future. Indian business experts predict that Indian IT companies can outsmart any trade barriers created by Donald Trump as they are listening this since the days of his election campaign.India need to remember late Dewang Mehta, the chief lobbyist for India's fledgling software services industry, carried off both with aplomb, convincing businesses that at the stroke of midnight of the new millennium, their computer systems would crash because old programs measured years in two digits instead of four. The solution, he persuaded them, was to let a horde of techies from Bangalore and Hyderabad go through each line of code and fix the Y2K bug.