Wipro touts U.S. jobs amid visa uncertainty | Reuters

MUMBAI Wipro Ltd, India's third-largest software services exporter, said on Wednesday that more than half its workforce in the United States consists of locals after it hired more than 1,600 people in the last six months. The statement comes as U.S.

Reuters June 28, 2017 22:30:04 IST
Wipro touts U.S. jobs amid visa uncertainty
| Reuters

Wipro touts US jobs amid visa uncertainty
 Reuters

MUMBAI Wipro Ltd, India's third-largest software services exporter, said on Wednesday that more than half its workforce in the United States consists of locals after it hired more than 1,600 people in the last six months. The statement comes as U.S. President Donald Trump has asked federal agencies to review a visa program that Indian IT firms such as Wipro use to fly engineers to the United States to service clients.A tighter visa regime could force Indian IT companies to step up local hiring in their biggest market, potentially increasing costs and hitting margins.

Wipro rival Infosys Ltd last month said it planned to hire 10,000 U.S. workers in the next two years and open four technology centres in the United States.Over the past couple of quarters IT clients slowed down discretionary spending, hitting growth in India's $150 billion information technology sector.

A leading lobby group for India's IT industry last week forecast that the sector's export revenues would grow at 7-8 percent for the year to March, as the industry faces continued headwinds from the U.S. market.

Wipro said on Wednesday that more than 3,000 locals joined the Bengaluru-headquartered firm in fiscal 2017, increasing its total headcount in the U.S. to 14,000. It is also said it is working on expanding its centres in Tampa and Dallas."We will continue to build a strong local talent pool with diverse skill sets and make strategic investments in close proximity to our clients to serve them better," Wipro Chief Executive Abidali Neemuchwala said.In a regulatory filing earlier this month, Wipro said "significant developments" under the new U.S. government could pose a risk to its business there. (Reporting by Zeba Siddiqui and Sankalp Phartiyal in Mumbai; Editing by Elaine Hardcastle)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

Alphabet's Waymo partners with Google Maps to offer autonomous rides
Business

Alphabet's Waymo partners with Google Maps to offer autonomous rides

(Reuters) - Alphabet Inc's self-driving unit Waymo said on Thursday it had partnered with Google's Maps to let users book fully autonomous ride-hailing services through the app.

Tesla revises plans for German gigafactory with more details on product lines
Business

Tesla revises plans for German gigafactory with more details on product lines

FRANKFURT (Reuters) - Tesla on Thursday revised its application for a planned gigafactory in Europe to include details for plans to produce battery cells on site and an expansion of other production lines, German officials said. It also includes plans to reduce water consumption so that usage remains constant compared to earlier proposals despite the expansion. Tesla has sharply criticised the lengthy regulatory processes in Germany and has pushed back the factory's opening date.

Facebook ready to commit to clear ad data access for partners, French watchdog says
Business

Facebook ready to commit to clear ad data access for partners, French watchdog says

By Mathieu Rosemain PARIS (Reuters) - U.S. social media giant Facebook has offered to commit to providing its partners with clear and objective conditions of access to advertising inventories and ad campaign data, France's antitrust authority said on Thursday following an investigation.