His rhetoric and early actions are creating an enabling environment for other protectionist-minded CEOs and lawmakers to advance new legislation that aim to narrowly protect American jobs. ALSO READ | H1B visa reform bill introduced in US, minimum pay doubled to $130,000The new bill proposed by Congresswoman Zoe Lofgren seeking to double the minimum wage payable to H1B visa holders is only the most recent instance of this. The game has irrevocably changed and the government of India and Indian technology companies need to embrace this new reality and act accordingly. Indian technology companies provide mission-critical support to well over 75% of Fortune 500 US companies including banks, retailers, and car manufacturers. Second, Indian tech companies must apply every ounce of energy and creativity they have to de-risking their business model and act as though their very existence depends on this.
Source: Mint January 31, 2017 16:05 UTC