Mohandas Pai On IT Industry

Industry veteran and former CFO of Infosys, Mohandas Pai on Thursday said Indian IT firms' dependence on H-1B visas has come down significantly over the years, and that data indicates many leading American tech companies are among the top applicants for these visas. There was no official word from IT industry association Nasscom after US Commerce Secretary Howard Lutnick and Florida Governor Ron DeSantis made scathing remarks on these work visas meant for highly-skilled professionals describing the H-1B visa programme as "scam". Emails to top Indian IT companies including TCS, Infosys and Wipro for comments, too, did not elicit any response. "The current H-1B visa system is a scam that lets foreign workers fill American job opportunities. Hiring American workers should be the priority of all great American businesses. Now is the time to hire American," Lutnick said in a social media post this week. When contacted, Pai asserted that Indian IT companies are less dependent on these ..

Firms have to move from just scale to building a smaller, more specialised talent pool

If one took into effect inflation, the remuneration of freshers in the IT industry has in fact come down by 50 per cent in the last seven years: Pai said