Washington: Days after US President Donald Trump signed a proclamation to significantly curtail the H-1B visa programme and amend its rules, a report says the moves will “hasten US firms’ shift of critical work to India.”
An article argues that the Trump administration’s actions could lead to “turbocharging the growth of global capability centres (GCCs) that handle operations from finance to research and development.”
The report quotes Rohan Lobo, a partner and GCC industry leader at Deloitte India, as saying that “he knew of several US firms reassessing their workforce needs.”
“Plans are already underway for such a shift, pointing to greater activity in areas such as financial services and tech, and particularly among firms with exposure to U.S. federal contracts. GCCs are uniquely pos