Infosys, the software whale from India which incidentally is the largest exporter of IT workforce to the U.S. will be creating 10,000 jobs in America for Americans over the next two years.
This comes on the back of President Trump’s crackdown on H-1B visas that is restricting tech a corporation to hire from abroad. Infosys will also be opening four technology centers in the country, starting with one this August in Indiana, Reuters reports.
India hogs close to 70 percentage of all H-1B visas issued yearly. Infosys this year had asked for 1,000 of them. And that is a substantial increase from last year’s 6,500.
Its CEO Vishal Sikka told Reuters , “When you think about it from a U.S. point of view, undoubtedly making more American jobs and opportunities is a good thing.”
However, the $150 -billion Indian IT sector would have to take a serious hitting to hire Americans, whose average annual wages are room higher than those in India.
Refusing to share details of the financial speculation, an Infosys spokesperson told Mashable , “Our hiring across the globe continues to be in line with our business requirements.”
Meanwhile, NASSCOM, India’s industry body for software and services companies, had expressed displeasure when the revised H-1B Visa Bill was tabled at the House of Agent a few months ago.
“The bill does not treat all IT service companies with H-1B visa holders equally, and the provisions are biased against H-1B dependent firms, ” it said in a statement.
U.S. is the biggest grocery for Indian software firms. But the brandish of protectionism broom the country presently doesn’t bode well for Indian firms.
Only time will expose its true-blue impact.