Trump’s new H1B visa policy companies in tension
US President Donald Trump is constantly bringing such controversial policies that are not only protesting in his country, but other countries are also showing resentment. Recently, Trump made a big change in the H-1B visa policy. Now about this change, big experts and economists of the industry say that Trump’s H-1B visa policy will accelerate the matter of shifting important works of American companies in India and will give momentum to erect the Global Capability Centers (GCC), which handles the works ranging from finance to research and development.
The fifth largest economy in the world has 1,700 GCCs, which are more than half of the global level, and now they have moved beyond their tech support centers and have become new hubs in terms of high value innovation in areas ranging from the design of dashboard of luxury cars to the discovery of medicines.
Fastly emerging global capability centers in India
Given things such as an increase in working on Artificial Intelligence (AI) and increasing restrictions on visas, American companies are motivating labor strategy renewed, emerging as flexible centers mixing GCC global skills with strong domestic leadership in India.
Rohan Lobo, a partner of Deloite India and leader of the GCC industry, said, “GCC is specific for this time. They are ready to work as an in-house engine.” He said that he is aware of many American companies who are re -evaluating the needs of their workforce. He pointed to growing activities, in areas such as “schemes are already running”, and in areas such as financial services and technology, especially in companies associated with American federal agreements.
Trump made a big change in visa policy
US President Trump increased the cost of new H-1B visa applications from the current 2,000 to 5,000 times this month to 1 million dollars, increasing the pressure on US companies that depended on talented foreign employees to bridge the Critical Talet Gap.
US senators re-introduced a bill on Monday to tighten the rules of H-1B and L-1 employee visa program, in which they targeted the alleged flaws and misuse from the main employee. If Trump’s visa sanctions are not challenged, industry experts hope that American companies will shift high-level tasks related to AI, Product Development, Cyber Security and Analytics to GCC in India, while for strategic works, the option of keeping outsourcing instead of outsourcing will only opt.
ANSR founder and CEO Lalit Ahuja said, “It is immediately needed.” The ANSR helped Fedex (FDX.N), Bristol-Myers Squib (BMY.N), TGT.N, and Lows (Low.N) establish their GCC.
US companies silent on sensitive issue
Ramkumar Ramamurthy, former Managing Director of Cognizant India, said that such a hurry may cause “excessive offshore” in some cases. In the era of Kovid-19 epidemic, it was revealed that major technical work can be done from anywhere.
According to US government data, large companies of Tech World, including Amazon, Microsoft, Apple, Google’s parent company Alphabet, Wall Street Bank JP Morgan Chase, and retailer Walmart, have been among the top sponsors of H-1B visa. All these companies have a big business in India, but they did not want to comment on this issue because it is a very sensitive issue politically.