Will Holograms
beat H1B Visa Ban ?
Poor Mr Trump !
He can build a huge wall on the
US-Mexico border , but how will he build a “ Wall – in – Sky “ ?
To prevent Indian geeks from taking over
jobs from Americans , he plans to raise to $ 130,000 per year , minimum salary
payable to H1B visa holders , whether employed by Indian companies or by
American companies
With this , he hopes to replace 350,000
Indian Visa holders , currently paid $ 60,000 per year ( with Americans at a
salary of $ 100,000 ? )
MR TRUMP KNOWS THAT :
·
India’s IT industry employs 3.7 million people ( mostly software guys )
of which , barely 10 % are posted in USA
·
·
Its annual turnover is about $ 150 billion
·
·
Of this $ 108 billion is from “ outsourcing “ by foreign companies
·
·
Most of this revenue comes from its US operations
·
·
At $ 60,000 per year , Indian H1B visa holders , earn $ 21 billion
/ year
·
·
At $ 100,000 per year , replacing them with Americans will cost
the Employers, ( both Indian and American ) , $ 35 billion
·
WHAT WE KNOW :
·
This bill ( if it becomes a law ), will certainly impact the Indian IT
industry in short term
·
·
It will force Indian IT industry to find customers in other foreign
countries and reduce its dependence on USA
·
·
WHAT WE NEED TO DO ? :
·
Learn to thrive on problems . Treat this as a “ blessing in disguise “ .
Turn this into an opportunity to “ re-invent “ our IT Industry
·
·
Not merely “ allow “ but pro-actively “ enable “ our IT industry to
become ,
·
·
Grant these Back Factories , an “ Infrastructure Industry “ status
·
·
·
Enable BLACK MONEY investments into such “ Back Factory Units
“,through a limited period AMNESTY SCHEME , outlined in my earlier blog
·
·
·
Exempt these BACK FACTORIES from
Corporate / Personal Income tax for 10 years
·
·
·
Enable construction of 1000 “ Back Factory Parks “ , each having 50
units , along the lines of Coastal Employment Zones proposed by Shri Arvind Panagarhia ( Vice Chairman , NITI
Aayog
·
·
·
These 50,000 units will provide , at least , 500,000 jobs
·
·
·
LIKE SOUTH KOREA , EQUIP THESE BUILDINGS WITH 1 GBPS INTERNET BROADBAND
·
HOW WILL THIS HELP ? :
·
These BACK FACTORY units will deliver REMOTE SERVICES to customer-companies all over the World,
through
Imagine
500,000 Indian geeks swarming virtually in every American office !
And
no way for Mr Trump to stop them !
[
Those having any doubt , may want to look up :
Dear
Narendrabhai :
You do not need any
convincing re this “ GAME CHANGING “ concept since you pioneered it yourself by
addressing 800
election rallies through your own holographic projection during 2014
election !
Please put in a
word to Shri Arun Jaitleyji as he gets up to deliver his budget speech two
hours from now !
Feb 2017
www.hemenparekh.in / blogs
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