Indian Ambassador to US discusses importance of Indian IT
Shri Harsh Vardhan Shringla, India’s Ambassador to the US, stressed on the role played by India’s IT industry in fostering robust Indo-US business relations and creating employment opportunities at a conference organised by NASSCOM in Washington. He noted that a lot of Indian IT firms have invested more than US$ 50 billion across many states in the US & that programmes such as H1B visas have facilitated the movement of skilled labour between the 2 nations.
Indian IT firms are also employing people from the region having relevant skills. In this context, NASSCOM President Debjani Ghosh noted, “Close to US$ 16.3 billion of wages are paid by these companies of Indian origin in the US. While NASSCOM contributes about US$ 185 billion to India’s numbers, we also contribute US$ 28.2 billion directly to US GDP and US$ 7.7 billion in terms of state and federal taxes in the US.”