Indian IT firm and industry body Nasscom is opening more than ever for lobbying in America, since Donald Trump took charge as US President. The latest note of CLSA shows significant increase in lobbying expenses by individual IT companies like TCS, Wipro and Infosys in the last two years. Software lobby groups are affiliated with Washington,Mainly on issues related to tariff, taxes, immigration and foreign relations, which directly affect the Indian IT industry, because North America contributes more than 50 percent of revenue to most companies.
Although there has been a general sense of increasing protectionism in Britain and Australia, America is still the biggest concern, because IT companies have a very high stake in this geography. The need to protect business with the lack of increasing protectionism and clear policy direction has become even more imminent under the Trump regime. It is no surprise that the need to be seen as a US friendly business house is an uncertain mandate.For example, the amount of money spent on India's largest IT company TCS lobbying has increased from $ 80,000 to $ 380,000 per year (run rate), while for Infosys, it has gone down to $ 320,000 a year. Even Wipro, who rarely spent some money on lobbying two years ago, is now spending $ 200,000 a year.
On the other hand, Cognizant has spent more time with his Indian colleagues and continues to do so with a broader participation at senior level in Washington according to the note. One of the above mentioned IT companies, a former general counsel who did not want to be named, said, "Indian IT companies can no longer approve the US government.I understand that even the level of engagement with the office (offices) five years ago, many senators and officers are now much larger. "The increase in the personal expenditure of companies itself is a testimony to how IT companies are no longer dependent on NASSCOM, but are also making their own cases.
Although uncertainty around H-1B visas has been one of the biggest concerns for these companies, The recent move by the US to improve H-1B visa processing has raised concerns for NASSCOM. In a statement, the industry body said, "Companies have already started to assess their needs and are planning their submissions for the next year, so we are worried about the uncertainties which the government can generate. Because the government tries to implement another major change in the H-1B process. During that time frame."
Even some of these underlying concerns are weak, yet most of the Indian technical companies have already increased their local recruitment and reducing any risks arising from allegations of employment discrimination and in their situation There are enough CSRs (corporate social responsibility) working in the US to improve. As a US friendly company.