India-based tech giant Infosys looks for expansion in Mexico
India-based tech giant Infosys is looking for expansion in Mexico and for that end company officials will hold a meeting with Nuevo Leon state governor Jaime Rodriguez Calderon, who is visiting the Asian country next week.
Infosys, through its fully owned subsidiary, Infosys Technologies S de RL de CV, has already two offices in Mexico, one in the country’s capital and another in Monterrey, Nuevo Leon, where the company has one of its largest investments in Latin America.
The company’s line of business includes providing computer programming services. The subsidiary provides business consulting and information technology services for clients in all industries, including banking, financial services, retail, consumer packaged goods, energy and utilities.
The Trump administration is restricting the flow of H-1B visas to IT workers in India, a move the Mexican government expects to cash in.
“If the US does enforce some of its harsher immigration proposals, for instance, regarding H-1B visas on which Indian IT companies are heavily dependent, we will be more than happy to have Indians relocate to Mexico,” the Mexican ambassador to India Melba Pria said in recent days to Indian media.
Recently, top seven India-based IT companies in the US collectively experienced a 37% drop in approved H-1B visa petitions in 2016, when compared with the previous year.
For Infosys, the number declined by 16% (454 petitions), with 2,376 approved H-1B petitions for initial employment in 2016, compared with 2,830 in 2015.