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PROTECTIONISM ANTI-GLOBALISATION DIFFERENT COUNTRIES REACTING IN DIFFERENT WAYS INDIAN COMPANIES HAVE VISA INDEPENDENT BUSINESS

 
 
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PROTECTIONISM ANTI-GLOBALISATION DIFFERENT COUNTRIES REACTING IN DIFFERENT WAYS INDIAN COMPANIES HAVE VISA INDEPENDENT BUSINESS
by System Administrator - Friday, 21 April 2017, 12:46 PM
 

By: M.S.Yatnatti Editor and Video Journalist Bengaluru : Reportedly at a time when many countries are resorting to protectionism to save local jobs, they are also grappling with a shortage of skills at the higher levels in the IT industry. Citing the case of the US, he pointed out that every year 21 million jobs are lost due to technology as well as business changes. However, at the same time, 23 million jobs are created in the US as companies are quick in adopting new technologies but these new jobs require higher skills for which there is a shortage. "Globally there is a rising trend of protectionism and anti-globalisation... So we are seeing different countries reacting to this situation in different ways but every country wants highly skilled people... The struggle really is how to define those high skills and how to ensure that the immigration policies of that country open the doors to highly skilled people.Passion and focus on the products is the central to business successfor most of entrepreneurs . "Startups must figure out unit economics and prove the model at a small scale before considering VC funding shouldhave a simple formula ­ when in doubt, bootstrap and your customers are best investors ." Some time as venture capitalists becomes vulture capitalists early stage entrepreneurs and those looking to do something on their own are likely to turn wary. But anybody who studies entrepreneurship will likely find that passion and patience have inevitably trumped money in determining the success of a venture .Money is often a catalyst. But there are also some who think venture funding is a bane and not boon , that ultimately, success is more about you and the problem you are trying to solve through your venture by bootstrapping . Few entrepreneurs knew only two ways to fund a business ­ put theirown money or borrow from the bank as you build a product and makeit became profitable .Trump can be trumped after all he is a businessman and his decision can be taken as blessing in disguise . Indian IT companies have visa independent global delivery model where it reduced the total effort onsite (at the client location) in a project from about 30% on an average to just 10%. "Andthis 10% will be delivered by local hires. Indian IT is also likely to find significant support among its US customers. The Indian software industry, has largely been responsible for building as well as maintaining the information infrastructure of most large US corporations. It plays a very critical role in the success of US corporations,that tampering with it wouldn't be easy.IT companies conducted several pilots and all of them were very successful,"The global downturn and "Buy American and hire American” theory has brought along with it new opportunities. It is for the industry to identify the opportunities and move ahead," Indian IT companies can hire American and sell American and make killing profits in America as American IT companies hire Indian and sell Indian and make killing profits in India . "Make in India American products” "The Indian industry will continue to do well if they learn that there are no easy pickings any longer." And that's true of all companies, irrespective of their size..The US was teaching all countries Globalization and now suddenly talking localization "Buy American and hire American”. Investors from around the world, including in the City of London, will be listening carefully for how America's Donald Trump is set to sign an executive order to overhaul the H-1B & L-1 visa programmes, which let tens of thousands of Indians work in the US, drove tech stocks down and sparked speculation in the IT sector about an uncertain future. Indian business experts predict that Indian IT companies can outsmart any trade barriers created byDonald Trump as they are listening this since the days of his election campaign. India need to remember late Dewang Mehta, the chief lobbyist for India's fledgling software services industry, carried off both with aplomb, convincing businesses that at the stroke of midnight of the new millennium, their computer systems would crash because old programs measured years in two digits instead of four. The solution, he persuaded them, was to let a horde of techies from Bangalore and Hyderabad go through each line of code and fix the Y2K bug.