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Indian IT cos key beneficiaries
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Bangalore: Indian IT companies have been key beneficiaries of so-called H-1B visas issued by the US government. The number of H-1B visas issued each year in the US is subject to an annual congressional cap and that number has stayed constant at 65,000 for the past five years. Pramod Bhasin, the newly appointed chairman of Nasscom, the software lobby group, says the H-1B issue is one of his key priorities. “Nasscom did send a delegation to go and meet key senators and other infulential decision makers to explain the reality of the issue," he adds. “We understand the gravity of the challenges happening (in America). Therefore we want to clearly explain our point of view on how (H-1B) benefits everybody."
Sid Pai, partner and managing director, TPI India, a consulting and offshore advisory firm, said the current controversy surrounding the issuance of H-1B visas will actually benefit Indian companies. “Initially, Indian IT players used to provide body shoppers through staff augumentation. In a sense, the offshoring industry was born when restricitons were placed on bringing people with specific skills into the US." The current restrictions will actually turn out to be a boon to the Indian IT industry as clients and Indian IT companies find innovative ways of delivering better value, he adds.
Wipro Ltd, Infosys Technologies Ltd and Tata Consultancy Services Ltd declined to comment for this story because they are in the so-called silent period in the run-up to the announcement of their financial results.
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