Abhishek Mathur talks about the possibility that Indian IT companies will near shore in the Cayman Islands, as the countrys professionals receive a smaller share of U.S. H-1B visas. As the US economy improves, demand for H-1B visas increases. While the largest number of them currently go to workers from India, the percentage of visas issued to Indian nationals is declining. As a result, Indian IT service providers are unable to cater to increasing US demand. Some companies depend largely on an Indian immigrant workforce to deliver services. This issue affects the whole IT industry in general and the most vocal to voice these concerns have been Indian IT giants like TCS, Wipro, HCL and Infosys. The middle tier and the smaller companies also face the brunt of H-1B and L1 rejections because their clients expect the delivery to be done from the US, or at least in the US time zone, by people who are less expensive than US citizens. --A Mathur
Posted on: Sat, 24 May 2014 20:15:00 +0000