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chustuntee Indian Govt kuda hands up on H1B Q: H-1B was an area of concern. The US has imposed additional restrictions on the H-1B program. Has that been a part of your talks? And would you be taking this up in further negotiations? A: I have not discussed H-1B visas with my counterparts so far. I had discussed this with our Indian industry, and they don't seem to be perturbed at all about the restrictions on H-1B. They are very confident that wherever they require it, they will get it. In fact, some people also told me it will become better, because a lot of the fringe applications will go out, and serious players will now be looking for entry of their people into the US to serve high-tech products and high-tech requirements. Having said that, I personally think H-1B lost its significance significantly post-COVID, when we all saw that working from home, we could do a lot of work. We've already seen the impact of that with the growing number of GCCs that are now operating in India. Almost 1,800 GCCs now operate in India. The world and large corporations recognise that you could do the same work from any other offshore location, instead of getting people into very high-cost economies like the US. Getting anybody to the UK, London, or New York, or any such place, is a very expensive proposition. So, a lot of work is being outsourced to their GCCs, which is great news for India, because the people stay in India with their families. They earn in India. They pay taxes in India. They spend in India, adding to our economy and economic activity. They save in India, invest in India, and we also earn foreign exchange.

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