Indian IT firms don't steal jobs, create them: Ravi Shankar Prasad

Indian IT companies, which conquered the world with their software skills, don't steal jobs anywhere in the world but create them, asserted Union IT Minister Ravi Shankar Prasad on Saturday.

IANS April 22, 2017 20:57:52 IST
Indian IT firms don't steal jobs, create them: Ravi Shankar Prasad

Bengaluru: Indian IT companies, which conquered the world with their software skills, don't steal jobs anywhere in the world but create them, asserted Union IT Minister Ravi Shankar Prasad on Saturday.

"Indian IT companies do not steal jobs but create jobs, be it in the US or any other country. We are proud of their contribution in America and the world over," he said at an interactive meet with leaders of the IT and Electronics System Design Manufacturing industries.

Indian IT firms dont steal jobs create them Ravi Shankar Prasad

File image of Ravi Shankar Prasad. PTI

On the recent executive order US President Donald Trump signed to reform the H-1B visas, Prasad said the concerns of the Indian IT firms have been conveyed to the US administration.

"Our Finance Minister Arun Jaitley, who is currently in Washington, has conveyed your (IT firms) concerns on the H-1B visa reform move to US Commerce Secretary Wilbur Ross and the key role of Indian professionals in the US economy," he said.

Noting that Indian IT firms had paid $22 billion in taxes and generated about 4 lakh jobs in the US over the last five years, the minister said the Indian software firms had also created value and competitive edge for two-thirds of Fortune 500 firms the world over, including the US.

"The Indian IT eco-system is based upon reciprocity. India's human resources contribute to the US economy and many American firms benefit in Bengaluru and other parts of the country where they have set up development centres to use our unique talent in creating products for their global markets," he pointed out.

Acknowledging that the $150 billion Indian IT industry was under stress due to what is happening in the US and global headwinds, Prasad asked the IT honchos to suggest measures to de-stress them.

"What is your suggestion to me as IT Minister to de-stress your industry. We held your hands when you conquered the world with tax incentives and other benefits," he asked the gathering.

He also told them to after having "conquered the world with your software expertise", it was time they looked inside India to "explore the vast market of 'Digital India' opened by our government to improve the quality of services and life of people".

In a tweet later, Prasad said opportunities in emerging areas of Artificial Intelligence and Big Data presented a huge market for Indian IT firms.

Updated Date:

also read

States responsible for implementation of 2015 judgement scrapping Section 66A of IT Act: Centre tells SC
India

States responsible for implementation of 2015 judgement scrapping Section 66A of IT Act: Centre tells SC

The Centre said it has also requested them for submission of reports to the IT ministry on the number of cases booked under Section 66A of the IT Act, and directing them to withdraw any prosecution invoking 66A.

Shashi Tharoor-headed Standing Committee on IT to discuss Pegasus snooping issue today
India

Shashi Tharoor-headed Standing Committee on IT to discuss Pegasus snooping issue today

The 32-member Parliamentary Standing Committee on IT is scheduled to meet on Wednesday, for which the listed agenda is "Citizens' data security and privacy"

'Chronology samjhiye': Amit Shah questions timing of Pegasus report; Opposition seeks probe
India

'Chronology samjhiye': Amit Shah questions timing of Pegasus report; Opposition seeks probe

Senior BJP leader Ravi Shankar Prasad said the allegations made by the Opposition party were bereft of political propriety and a new low in political discourse