Infosys, the software giant 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 companies 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 percent of all H-1B visas issued annually. Infosys this year has applied for 1,000 of them. And that is a substantial decrease from last year's 6,500.
Its CEO Vishal Sikka told Reuters, "When you think about it from a U.S. point of view, obviously creating more American jobs and opportunities is a good thing."
However, the $150-billion Indian IT sector would have to take a serious hit to employ Americans, whose average annual salaries are way higher than those in India.
Refusing to share details of the financial investment, 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 Representatives 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 companies," it said in a statement.
U.S. is the biggest market for Indian software companies. But the wave of protectionism sweeping the country presently doesn't augur well for Indian firms.
Only time will reveal its true impact.
Topics Donald Trump
