Indian IT Firm Wipro Believes Stricter Visa Rules in the US Will Not Affect Talent Mobility Prospects

June 30, 20178:14 am499 views

Wipro Ltd, India’s third-largest software services exporter firmly believes that with the Trump regime coming to power and stricter visa regulations being imposed on Indian IT firms such as Wipro to prevent talented engineers from flying to the US to cater to clients better will not affect talent mobility prospects for the bright and the deserving individuals.

With U.S. President Donald Trump imposing tighter visa rules and stern policies meant to force Indian companies to strictly hire locals in the US, might potentially contribute to increased costs and dent on profit margins. In this regard, the IT giant Infosys last month said it planned to hire 10,000 U.S. workers in the next two years and open four technology centers in the United States.

As India’s IT industry faces continued headwinds from the US market, the sector’s export is expected to grow at 7 to 8 percent this year March. Wipro yesterday announced 3,000 locals to have joined the Bengaluru-headquartered firm in fiscal 2017, increasing its total headcount in the U.S. to 14,000. It is also said it is working on expanding its centers in Tampa and Dallas.

“We will continue to build a strong local talent pool with diverse skill sets and make strategic investments in close proximity to our clients to serve them better,” Wipro Chief Executive Abidali Neemuchwala  was quoted by the US News.

However, significant developments and shifts experienced by the US economy under the new governance could impact workings of Wipro with its clients in the US.

Also read: Impact of the Protectionist Ban Imposed by the U.S President on Asian Travel

Image credit: financialexpress.com

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