There is a huge demand for Indian workforce, especially in the technology sector in the US. Of 65,000 H1B visas issued every year, 70 per cent of visas go to Indians.
Tom Sweet, Chief financial officer, Dell Technologies also recognises the importance of technical talents from India.
At the company’s flagship event Dell Technologies World in Las Vegas, Sweet on Sunday said the company has a lot of operations and functions in India that support global activity and it is a very important centre for them.
He explained how the company is making big investments into talents in India and accessing them to accomplish some of the global engineering jobs. Their targets for India are mainly set around growth, in terms of revenues and profitability and they are exploring how do they bring a broader set of capabilities to the market.
In India, which is the top ten biggest market of Dell Technologies, the company is also receiving a lot of interest from home-grown companies on machine learning and deep learning capabilities of their products.
The dependency of one of the top tech companies on Indian talents speaks volumes of the demand of such talents in the US.
Since Donald Trump came into power, there has been onslaught on H1B work visa issued to foreigners in speciality occupations. Experts, however, believe that the US government will have to revisit the policy seeing the necessity of it.
Of the 65,000 H1B visas issued every year, the Indian IT industry uses less than 10,000, adding that 70 per cent of visas go to Indians but they do not go to Indian companies, according to Nasscom Chairman Rishad Premji.
In an interview to PTI, Premji said that by 2020 there will be shortage of 2.4 million people, according to data from the Department of Labour, in STEM (Science, Technology, Engineering and Maths) talent in the US, and half of these will be in the computer and IT related services.
He said that legislatively, nothing has changed regarding the H1B visas. While there are a lot of legislations being proposed.
The development was first reported by ET.