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 :
[http://www.dailymail.co.uk/news/article-3038317/The-world-s-HOLOGRAM-protest-Thousands-join-virtual-march-Spain-against-law-banning-demonstrations-outside-government-buildings.html
]
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 !
01
Feb
2017
www.hemenparekh.in
/ blogs
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Added on 31 Oct 2020 :
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