Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Industry / Infotech/  White House welcomes Infosys decision to hire 10,000 Americans
BackBack

White House welcomes Infosys decision to hire 10,000 Americans

The White House termed the Infosys decision of hiring 10,000 Americans a political victory for the Trump administration

Infosys on Tuesday announced it will hire 10,000 Americans in the next two years. Photo: ReutersPremium
Infosys on Tuesday announced it will hire 10,000 Americans in the next two years. Photo: Reuters

Washington: The Donald Trump administration on Wednesday welcomed the decision by IT company Infosys to hire 10,000 Americans in the next two years, saying it was a result of the US government’s “pro-growth economic agenda".

Infosys on Tuesday announced it will hire 10,000 Americans in the next two years and open four new centres in the US as part of efforts to mitigate the impact of H1-B visa curbs. The first of the four innovation centres for new technologies like artificial intelligence (AI) and machine learning will open in August in Indiana, the home state of US vice-president Mike Pence.

In a statement to The Washington Post, the White House termed the announcement by the Bangalore-based tech firm a political victory for the Trump administration, which has on several occasions accused outsourcing firms of “unfairly" taking jobs away from the US.

Also Read: Infosys to hire 10,000 US workers after Donald Trump targets H1B visas

It said the decision was further evidence that companies are renewing investment in the US as a result of the Trump administration’s “pro-growth economic agenda." “We’re glad to see companies like Infosys see opportunity in the American economy again," said Ninio Fetalvo, a White House spokesman, in a statement to The Post.

The US had accused Infosys and its larger rival, Tata Consultancy Services, of unfairly cornering the lion’s share of the H-1B work visas by putting extra tickets in the lottery system. Every year, the US grants 65,000 H-1B visas while another 20,000 are set aside for those with advanced degrees.

At a White House briefing last month, an official of the Trump administration said a small number of giant outsourcing firms flood the system with applications which naturally ups their chances of success in the lottery draw.

Also Read: Infosys plans Indiana tech centre, as part of plan to hire US workers

The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise in specialised fields. Indian technology companies depend on it to hire tens of thousands of employees each year for their US operations.

Reforming the H-1B visa system was one of the major election promises of US President Donald Trump. He last month signed an executive order that seeks to make changes to a H-1B visa programme that brings in highly skilled foreign workers.

The White House says the executive order will make it harder for tech firms to replace American workers with cheaper foreign labour, and will strengthen rules barring foreign contractors from bidding on government projects.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 03 May 2017, 02:42 PM IST
Next Story footLogo
Recommended For You
Infotech Stocks
₹1,547.25-0.26%
₹1,484.10.99%
₹4,928.750.15%
₹3,837.51.2%
₹472.21.66%
Switch to the Mint app for fast and personalized news - Get App