Indian companies should stop using H-1B visas, focus on local hiring: Infosys founder Narayana Murthy
Murthy also said that recruitment from colleges should be done and local people should be trained to add value to our Indian companies
Infosys co-founder and former CEO NR Narayana Murthy has said on Thursday that all Indian firms must become more multi-cultural and should stop using H-1B visas.
"Indian software companies must truly become multi-cultural. They must recruit American residents in the US, Canadians in Canada, British people in Britain etc. That's the only way we can become a true multi-national company and in order to do that, we should stop using H-1B visas and sending a large number of Indians to those countries to deliver services," Mr Murthy told NDTV in an interview.
Murthy also said that recruitment from colleges should be done and local people should be trained to add value to our Indian companies.
"I think even if the executive order comes, we should look at it more as an opportunity for Indian companies to become more multi-cultural than we have been, rather than looking at it as a lacuna. It is a great opportunity for the companies to become more and more multi-cultural," Murthy said.
The Infosys founder said the Indian mindset, is always to "take the soft option", since becoming multi-cultural is not easy. He added that this initiative needs special efforts from managers which could also be a "learning opportunity" for senior people as well. Murthy said this was the only way to remove the risk of an executive order. He also said that the Indian companies should look upon a government mandate as a risk and "take action to mitigate this."
H-1B visa is a non-immigrant visa that gives US firms to employ foreign workers in speciality occupations which requires theoretical or technical expertise in specialised fields. The technology firms depend on it to recruit thousands of employees each year.
The new H-1B visa reform bill postulates a radical overhaul of the process, increasing the minimum salary for visa holders to $130,000 -- more than double the current minimum. It means that the comapnies either have to pay high salaries for the skilled workers or choose American citizens.