If not, then here: how H -1b Squeeze could expand the ground for GCCs – The Times of India

New Delhi/Bengaluru: Although the $ 10,000 H-1B bomb of President Trump-as the legal challenges survive the operational costs for technology companies, Fortune 500 companies and global multinationals will accelerate, they accelerate their bets on India. If companies cannot let Indians work in the US due to the priceless costs, the companies will try to work in India – via GCCS (Global Capability Centers).India, positioned as the GCC capital in the world, offers a powerful Trifecta: depth talent, considerable cost efficiency and freedom of paralyzing visa hots. With more than 2,600 GCCs already active, the country has cemented its role as a global engine for innovation, business unit and business continuity.“Or you can let Indians work in the US or get work to India,” said Manoj Marwah, GCC sector leader of the financial services at EY India. “With the visa costs up, the latter is more likely.”In other words, more companies are likely to bring work and GCCs to India to tap into the scale, talent and cost competition capacity of hubs such as Delhi NCR and other cities. “The silver lining is that the Brain Drain from India will stop and that the talent will now be available to contribute to the growth of the domestic economy,” Marwah added.Lalit Ahuja, founder of Ansr in Bengaluruand, who has contributed to determining more than 150 GCCs in India, said: “With the total costs per H-1B employee now more than $ 3.00,000 annually, a senior software architect, a senior software architect can be made of a cost rise of a cost rise Those who recognize it as an opportunity to accelerate their GCC strategies will thrive.“Ahuja emphasized that GCCs have always been a lever to navigate for immigration uncertainties.” The proposed increase in the H-1B compensation will now accelerate both GCC adoption and upscaling. Moreover, we can now expect that many Indian professionals in the US are employed by H-1B-VISA or consider opportunities in the US to look very favorably at opportunities with GCCs in India. “We were able to look forward to “fewer H-1Bs, hiring more of native talent, raised GCC and more automation with AI”, felt Ray Wang, CEO of Constellation Research. “It’s a double-edged sword,” said Raman Roy, CMD of Quatrro BPO solutions. “On the positive side, the expensive H-1B-VISA will give a boost to more local purchasing and increase the number of GCCs. However, it can influence the transfer of expertise from us to India.“