Facebook, TCS leaders meet minister Prasad; discuss IT issues

Image
Press Trust of India New Delhi
Last Updated : Jul 03 2014 | 8:35 PM IST
Top leaders from IT giants Facebook, TCS and Wipro today met Communications and IT Minister Ravi Shankar Prasad to discuss the future road map for technology in India and issues such as taxes and visas affecting the USD 118 billion Indian IT-BPO industry.
Facebook Chief Operating Officer Sheryl Sandberg, IT czar and Wipro Chairman Azim Premji and TCS Chief Executive Officer and Managing Director N Chandrasekaran held separate meetings with the minister this evening.
"We are committed to working closely with the government to bring benefits like connectivity to people. We want to work together in areas like e-governance, education to connect people and the world," Sandberg said after her meeting.
Stating that the government has asked for a structured request on how both parties can engage in these areas, Prasad said, "PM is a great supporter of new media...We wish to work together closely as there is an enormous scope of expansion."
Sources said Premji and Chandrasekaran met Prasad and discussed issues affecting the Indian IT sector.
"The discussions were around concerns of the major IT companies, including issues like visa, tax and security of employees," they said.
These companies have been asked to prepare a note and also collectively approach the PM to convey their concerns, they added.
While Premji did not comment on the nature of the discussions, Chandrasekaran said the meeting was a "courtesy call" to the new minister.
The US, which accounts for about 60 per cent of India's IT export revenue, has proposed higher visa fees and enhanced audit by US agencies under the US Immigration Bill.
While the Bill is yet to be passed by the US House of Representatives, industry members have been engaging with the government and their US counterparts to convey their concerns.
IT firms, especially Tata Consultancy Services (TCS), Infosys and Wipro, the biggest three in India, rely heavily on visas to send employees overseas to service clients.
The proposed legislation also requires firms to dilute their visa-dependent workforce over the next few years, a move that will force Indian companies to hire local talent, thus affecting their cost of operations.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 03 2014 | 8:35 PM IST

Next Story