India Inc may not shine very bright currently, but it seems those with American operations, are on a hiring spree. The reason that the trend has emerged is the government dictum, which is now threatening to curtail benefits to those companies who outsource their operations outside the country. Other legal steps include formulating a tighter visa regime, which hinders the process for Indians to arrive in the United States for work, as Wall Street Journal quotes.
With President Obama under pressure for the crumbling economy, and stagnancy in the U.S. job market, these moves aren’t a total surprise. Legal and other technicalities are being worked around, so that local hiring becomes prime. As quoted by Krishnakumar Natrajan, CEO of Mindtree, there are efforts to start grooming local college and university level students, to fill in positions base around the Midwest region. Tata Consultancy Services, India’s premier software exporter by sales figures, is planning to pick up 400 more employees, who will be placed in various centers in the West.
Perhaps the noose that American government has now tied is changing the recruitment landscape in the outsourcing firms. Though on the outset, it might not spell short-term prosperity for Indians, but the long term can usher a stronger business volume, and stronger economic ties with the West.