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InfoSys did NOT Site in South Bend !

InfoSys did NOT Site in South Bend !

Postby OldFud » Wed May 03, 2017 4:05 pm

South Bend gets passed over -- again -- for siting of a major business


India-based tech firm plans area hub
Infosys to receive largest state incentive deal ever
A company headquartered in India and known for outsourcing foreign workers to U.S. firms now wants to hire American — and it plans to begin in Central Indiana.
Infosys, a company that has drawn unwanted attention for its business model of hiring Indian engineers on H-1B visas and outsourcing their lower cost labor to U.S businesses, plans to open a 2,000 employee tech center in the Indianapolis metro area, with another 8,000 jobs for American IT workers in other locations nationwide in coming years.

The deal is one of the largest jobs announcements in Indiana history, rivaled only by Honda’s decision more than a decade ago to build a $578 million plant in Greensburg and hire 2,064 workers.

It also represents the largest incentive package in Indiana history: up to $31 million in conditional tax credits and training grants.

Gov. Eric Holcomb and Infosys CEO Vishal Sikka formally announced the deal at a 9 a.m. news conference Tuesday at the Indiana Statehouse.
“Indiana has become a nationally recognized tech hub,” Holcomb said. “I’ve always said we need to bring Indiana to the world and bring the world back to Indiana. Today underscores that fact.”

The tech center is expected to open this August and will be fully staffed by 2021, primarily with computer scientists, engineers and programmers, Sikka said. The company plans to invest more than $8.7 million to lease and equip at least 60,000 square feet of office space.

State economic development officials said six sites in the Indianapolis metropolitan area are under consideration.

Sikka said the state’s business climate, strong university and community college system and access to manufacturing, insurance and health care clients made the Indianapolis area an ideal location for the company’s Midwest hub. He also praised the state’s economic development team for its “energy, passion and hustle,” noting that the deal came together in less than three months.

Infosys is an information technology company that provides consulting and outsourcing services globally. Its headquarters are in India, but it has a U.S. office in Palo Alto, Calif., where Sikka is based.

It is one of the largest employers of H-1B visa holders in the United States, a program President Donald Trump has railed against and vowed to end.

The visa program allows companies to hire foreigners in specialty occupations under three-year work visas that can be extended for another three years. A total of 85,000 such visas are issued each year. Competition is fierce; so many applications flood the U.S. Citizenship and Immigration Services each year that the window to apply typically lasts a week.

Under current rules, if companies pay H-1B visa holders more than $60,000 in salary, they do not need to prove there were no qualified Americans to fill the position. Trump has vowed to change the program to protect American workers from unfair foreign competition. Last month, the Department of Homeland Security announced new measures to “deter and detect” fraud and abuse, while the Department of Justice issued a warning to employers not to discriminate against Americans.

“We believe jobs must be offered to American workers first,” Trump said last month. “Right now widespread abuse in our immigration system is allowing American workers of all backgrounds to be replaced by workers brought in from other countries to fill the same job for sometimes less pay. This will stop.”

The measures were particularly focused on “H-1B dependent” companies — ones in which 15 percent or more of their workers are on H-1B visas, which generally mean Indian technology-outsourcing companies such as Infosys, Tata Consultancy Services, Wipro and Tech Mahindra Americas. Sikka acknowledged the U.S. build-out represents a sea change in Infosys’ corporate strategy but said having workers locally in the United States is becoming a crucial way to build trust with clients.

“The regulatory environment is something we have to be compliant to always, and that is something we are deeply committed to,” he said. “But really this is about a longer-term journey. It is about changing the model of innovation in the future. It’s about having employees locally complemented by a global talent pool.”

When asked if any of the 2,000 employees in Indiana will be H-1B visa holders, Sikka said: “Our goal is that almost all of the 2,000 come from here. This is about localizing. This is all about localizing.”

Infosys (INFY) plans to open three other hubs around the United States. Each will employ 2,000 workers. The company did not say where they planned to locate them or the time frame in which they will be hired.
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Re: InfoSys did NOT Site in South Bend !

Postby Xenokilla » Wed May 03, 2017 7:35 pm

was south bend even in the running? what are you basing the claim that we were passed over on?
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