Offering a bit of reprieve at least for now, the Donald Trump government in the US has stepped back on its proposed H-1B visa regulations that would have led to hundreds of thousands of Indian IT professionals returning home. US authorities on Tuesday said that the Trump administration is not considering any proposal that would force H-1B visa holders to leave the country.
It is important to come to terms with the reality of lack of employment opportunities for locals in the West. It is time to take the US H-1B visa regulations as a wake-up call and for the Indian IT sector to start talking about the opportunities of hiring from the West so as to have a win-win situation abroad, suggests Sanchit Vir Gogia, Chief Analyst, Founder and CEO of Greyhound Research. “Why should we wait for the West to mandate us? Let us be proactive and take the first step,” he said.
Any industry competes with its counterpart in the country and abroad. “We should start aggressively our agenda on the competition. Let us get into co-opetition – cooperative competition. Cooperate with the right partners in the region,” says Gogia.
There are other markets that India could look at. “Near-shoring would be the way to go about it. Let us work in places like Mexico, Canada, Belgium, etc, to deliver our services,” says Gogia.
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Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Knowledge Group, a Global Strategy & Transformation Research, Advisory & Consulting Firm. To read more about him, click here.
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