NSE:MASTEK management interview: US का 8 IT कंपनियों पर Action! भारतीय IT Sector के लिए कितना बड़ा झटका? | Cover Story
Zee Business, 2026-10-09. Video: https://www.youtube.com/watch?v=SP3XOeRoI_0
- PERM impact: Ashank Desai said the suspension affects green-card labor certification, not H-1B visas, and would have minimal impact on IT firms’ operations; he noted that green cards already take 10, 15 years for many H-1B workers.
- Offshoring model: Desai said firms increasingly move work to India and hire locally where needed. He cited exports rising from $1 billion in 1996 to $300 billion, while H-1B numbers had not grown 300 times.
- Targeting rationale: Desai said the named IT firms are among the largest H-1B users, giving the US maximum leverage by targeting them. Robinder Sachdev viewed the action primarily as part of America’s domestic anti-immigration politics, not a move specifically against India.
- Talent and visa debate: Anurag Singh argued the issue is largely about cost arbitrage rather than a US STEM shortage, and said the green-card wait for Indians can be 50 to 100 years. Sachdev said H-1B workers can face exploitation, while the panel disagreed over whether visa-system problems justify the crackdown.
- Dialogue and elections: Desai said NASSCOM should lead efforts for US–India talks to reduce misunderstandings, while calling the suspension inappropriate but not a life-or-death issue for IT. He also suggested the move could be intended to send a message ahead of November midterm elections.