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Indian IT not hit by ‘Buy American’ drive

business Updated: Mar 10, 2009 20:58 IST
HT Correspondent
HT Correspondent
Hindustan Times
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The ‘Buy American’ clause championed by the US government is not likely to impact the country’s information technology industry, but the proposed amendment to H-1B visa legislation a cause of concern and unfairly targeting Indian IT companies, says the National Association of Software and Service Companies (Nasscom).

“Having met with various stakeholders and experts and discussed the protectionist measures with them, Nasscom does not see the “Buy America” clause or the discussion on removal of tax breaks for US companies that create jobs offshore provisions in their current forms having any impact on the Indian IT-BPO (business process outsourcing) industry,” Nasscom said in a statement issued after a delegation of the association returned from Europe and the US.

Nasscom representatives visited the US and met elected representatives of the Congress, US headquartered companies, the US administration and customer companies.

“We had a healthy discussion with Senator Charles Grassley from Iowa who is spearheading the H-1 B legislation and will be working with him to ensure that while we apprehend and stop any fraudulent use of H1-B visas, legitimate business users are not affected,” Nasscom said.

According to industry estimates, Indian IT companies account for only 11 per cent of the total visas issued in 2008.