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 !
01 Feb 2017
www.hemenparekh.in / blogs