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.
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