tech majors Infosys, TCS, HCL and Wipro hit by tougher Singapore work visa rules

[TampaChinnodu]

After US H1B setback, tech majors Infosys, TCS, HCL and Wipro hit by tougher Singapore work visa rules

Singapore today sought to defend its visa regime, saying that one-third of its workforce is "already foreign" and it would be "mindless" to have open border without any policy framework to control the flow of people.

By: PTI | New Delhi | Published: July 22, 2017 7:06 PM

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All major Indian tech companies including TCS, HCL, Infosys and Wipro have a presence in Singapore. (Reuters)

 

Singapore today sought to defend its visa regime, saying that one-third of its workforce is “already foreign” and it would be “mindless” to have open border without any policy framework to control the flow of people. The statement of Singapore Deputy Prime Minister Tharman Shanmugaratnam assumes significance as Indian IT companies use that country as a gateway to serve clients in the region.

All major Indian tech companies including TCS, HCL, Infosys and Wipro have a presence in Singapore.
With Singapore taking a conservative view of visa issuance to Indian tech workers, companies are finding it increasingly difficult to maintain the level of manpower. Observing that out of 5.5 million workforce, 2 million are foreigners, Shanmugaratnam said as “one-third of our workforce is already foreign, it would be mindless if you have open borders without any policy framework to constrain the flow of people into your job market”. Shanmugaratnam explained that it was also wrong economics because a complete free flow of labour would discourage the upgrading of productivity. He is here to participate in the .

Singapore, he said, has been the strongest proponents of liberalisation of goods and services but movement of people has to operate within some framework of constraint. “This is a reality. This is reality all over the globe,” the deputy prime minister said. IT body Nasscom had in April stated that the clamp down on tech visas by Singapore has shrunk the base of Indian techies to under 10,000 in the South East Asian nation and could hurt the ability of players to chase future deals.

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Nasscom President R Chandrashekhar had said that issuance of visas to the tech workers under the intra company transfers has reduced to a trickle. Indian companies have been investing in Singapore to bolster their presence in the Asian market that has been growing at a strong pace, although US and Europe continue to account for over 80 per cent of the industry’s export revenues.

India and Singapore have already implemented a comprehensive free trade agreement (FTA). It has been operational since 2005. Singapore is also part of the Asean bloc, with which India has signed a similar pact. Both the countries are also part of the ongoing negotiations for a proposed mega deal – Regional Comprehensive Economic Partnership (RCEP). The bilateral trade between the two was USD 16.65 billion in 2016-17.

[tennisluvr]

Good job Singapore. 

Indian IT corps - inkenni rojulu ra ila adukkuntaru

[bhaigan]

53 minutes ago, tennisluvr said:

Good job Singapore. 

Indian IT corps - inkenni rojulu ra ila adukkuntaru

• yep, India could have atleast $1trillion dollars IT services potential to the govt , non-govt , private companies

[TampaChinnodu]

57 minutes ago, tennisluvr said:

Good job Singapore. 

Indian IT corps - inkenni rojulu ra ila adukkuntaru

begging and consulting ee sestham. Product development and innovation matram seyyam.

 

[Manikyam]

1 hour ago, tennisluvr said:

Good job Singapore. 

Indian IT corps - inkenni rojulu ra ila adukkuntaru

mavni lo adukkuna parledu 

[tennisluvr]

4 minutes ago, Manikyam said:

mavni lo adukkuna parledu 

LOL. Baaga pettinattunnadu evado kindi nundi

[Manikyam]

4 minutes ago, tennisluvr said:

LOL. Baaga pettinattunnadu evado kindi nundi

Mavni lo daily adena... baga kalinattundi lol

[tennisluvr]

3 minutes ago, Manikyam said:

Mavni lo daily adena... baga kalinattundi lol

LOl ledu le nee lantollaki pettadam lo first memu. Baaga padindi gaa next time konchem better BJ ivvu, tip istham

[Manikyam]

Just now, tennisluvr said:

LOl ledu le nee lantollaki pettadam lo first memu. Baaga padindi gaa next time konchem better BJ ivvu, tip istham

me gays andaru akade ade chestaru kada.. entha tip earn chesav 

[tennisluvr]

1 minute ago, Manikyam said:

me gays andaru akade ade chestaru kada.. entha tip earn chesav 

LOL BJ boy. Vruthi dharmam nirvartinchavu baane, try to come up with something more original. Ooops I forget, BJ experts ki adi saadhyam kaadu kadaa

[Manikyam]

1 hour ago, tennisluvr said:

LOL BJ boy. Vruthi dharmam nirvartinchavu baane, try to come up with something more original. Ooops I forget, BJ experts ki adi saadhyam kaadu kadaa

bj ani start cheisndi nuve kada ra.. expert vi