'Misconceptions about Indian IT cos must be countered'

'Misconceptions about Indian IT cos must be countered'

 Ahead of Prime Minister Narendra Modi’s meeting with US President Donald Trump, the country’s IT companies are of the view that the “misconceptions” about their businesses in the US must be “strongly countered”.

The “misconceptions” about India’s IT companies in the US should be countered with the fact that they had in fact been creating jobs there and contributed to the growth of economy of that country, Nasscom, the apex body of the $154-billion industry, said.

Modi is set to meet Trump in White House on June 26. This is going to be the first meeting between the two leaders, after Trump Administration took office in Washington.

Trump’s anti-immigrant campaign pitch as well as his America First rhetoric and vows to protect jobs for the Americans over the past five months fuelled speculation that the policies of the new US administration could hit India’s IT industry hard.

“The Indian industry is a net creator of jobs in the US. We have supported more than half-a-million jobs in the US. We are also working with more than 75% of the Fortune 500 companies, lot of them are the US companies, enabling them to grow and create more jobs in the US and make them more sustainable,” Shivendra Singh, Vice President (Global Trade Development) of Nasscom told DH, adding, “So we have a critical role in the growth of US economy”.

New Delhi is also concerned over the moves to curb uses of the H-1B Visa regime by the skilled professionals from India and other countries to stay and work in the US. Singh said that New Delhi should “strongly counter the misconceptions in the US” that the IT companies took away most of the H-1B visas, engaged Indian professionals on lesser pay package to run their businesses in US  and thus denied jobs to Americans.

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