financetom
Business
financetom
/
Business
/
Curbs on H-1B visa will not disrupt Indian IT sector, says Tech Mahindra boss
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Curbs on H-1B visa will not disrupt Indian IT sector, says Tech Mahindra boss
Jun 23, 2020 1:35 AM

The Trump administration's move to restrict work visas will not lead to any disruption for the Indian IT services sector, Tech Mahindra MD and CEO CP Gurnani said in an interview to CNBC-TV18.

Share Market Live

NSE

Gurnani said the industry had prepared itself for unrealistic immigration challenges, adding that it had become 'Atmanirbhar' by not overly depending on H-1B visas .

"We were locally hiring and training a lot more engineers. So India’s own applications for H-1B visas has reduced. The impact on India or on Indian companies will be less in the short-term, it is not going to lead to any disruption," Gurnani said.

Gurnani said that the US needed Indian IT talent more than the other way round.

"I think the impact on Tech Mahindra is minimal. I think there will be more impact on individuals than on the companies,” said Gurnani.'

Earlier today, The National Association of Software and Service Companies (NASSCOM), the trade association of Indian companies said that the Trump administration's move to block those entering the country on H-1B visas, L visas, H-2B seasonal worker visas, and J visas, was misguided and harmful to the US economy.

First Published:Jun 23, 2020 10:35 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
--Lennar Q3 New Orders Up 5% to 20,587 Homes vs Visible Alpha Analyst Consensus of 20,793
--Lennar Q3 New Orders Up 5% to 20,587 Homes vs Visible Alpha Analyst Consensus of 20,793
Sep 22, 2024
04:35 PM EDT, 09/19/2024 (MT Newswires) -- Price: 193.45, Change: +1.00, Percent Change: +0.52 ...
FedEx Fiscal Q1 Adjusted EPS, Revenue Decrease; Shares Fall After Hours
FedEx Fiscal Q1 Adjusted EPS, Revenue Decrease; Shares Fall After Hours
Sep 22, 2024
04:35 PM EDT, 09/19/2024 (MT Newswires) -- FedEx ( FDX ) reported fiscal Q1 adjusted earnings late Thursday of $3.60 per diluted share, down from $4.55 a year earlier. Analysts polled by Capital IQ expected $4.77. Revenue for the quarter ended Aug. 31 was $21.6 billion, down from $21.7 billion a year earlier. Analysts surveyed by Capital IQ expected $21.91...
MillerKnoll Fiscal Q1 Adjusted Earnings, Sales Decline; Sets Guidance; Shares Drop After-Hours
MillerKnoll Fiscal Q1 Adjusted Earnings, Sales Decline; Sets Guidance; Shares Drop After-Hours
Sep 22, 2024
04:39 PM EDT, 09/19/2024 (MT Newswires) -- MillerKnoll ( MLKN ) reported fiscal Q1 adjusted earnings late Thursday of $0.36 per diluted share, down from $0.37 a year earlier. Analysts polled by Capital IQ expected $0.40. Net sales for the quarter that ended Aug. 31 was $861.5 million, down from $917.7 million a year earlier. Analysts surveyed by Capital IQ...
Looking At Morgan Stanley's Recent Unusual Options Activity
Looking At Morgan Stanley's Recent Unusual Options Activity
Sep 22, 2024
Investors with a lot of money to spend have taken a bearish stance on Morgan Stanley ( MS ) . And retail traders should know. We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this...
Copyright 2023-2026 - www.financetom.com All Rights Reserved