Outsourcers Must Be Receptive To Changes In Client Markets: TCS
Mumbai: With the new US immigration bill posing long-term cost implications for the IT players, the country's largest software exporter TCS today said companies need to be receptive to the situations in any market.
"There is an unemployment issue. Job growth is a major issue being faced by many nations. So you are seeing regulatory changes or discussions, dialogues about regulatory changes," company MD & CEO N Chandrasekaran told reporters at the earnings announcement.
"It is happening not just in the US. In Canada, there is a discussion, in Australia there is also a discussion. So, we just have to be receptive of those situations and engage in the whole process and then see what changes we need to make to our business model as and when it is required," he said.
The US immigration bill proposes several changes including higher visa costs and increase in wages for H-1B visa holders. It will hurt the over USD 100 billion IT-ITES industry in the country and domestic software firms like TCS and Infosys as their cost of operations could go up.
In June, the Senate approved the most far-reaching reforms to U.S. immigration policy in 50 years.
Also Read: 10 Best Data Recovery Software for 2013