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Travel ban by Donald Trump will be boon for Tech Recruitment in country, say Indian-origin tech leaders in Canada

The duo is part of the Canadian technology community that has written to Prime Minister Justin Trudeau urging him to provide visas to those caught by Trump's executive orders

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Toronto, Feb 12, 2017: Indian-origin tech leaders in Canada say the controversial visa and travel restrictions imposed by US President Donald Trump will be a boon for tech recruitment and investment in Canada.

“This provides a great opportunity for the best talent from India to come, live and work in Canada,” said Shafin Diamond Tejani, the CEO of Fantasy 360, a Vancouver-based global leader in creating immersive experiences and games using Virtual Reality (VR), Augmented Reality (AR) and Mixed Reality (MR).

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“We are already getting inquiries from Indian techies, both in India and in the United States, about relocating to Vancouver,” said Tejani, whose family is originally from Gujarat.

Together with his partner Ray Walia, another NRI in Vancouver who runs the not-for-profit tech incubator Launch Academy, Tejani is working on streamlined avenues to attract top tech talent from India.

The duo is part of the Canadian technology community that has written to Prime Minister Justin Trudeau urging him to provide visas to those caught by Trump’s executive orders.

“In choosing to hire, train, and mentor the best people in the world, we can build global companies that grow our economy,” said the letter adding, “By embracing diversity, we can drive innovation to benefit the world.”

Tejani and his associates have a target of bringing a dozen Indian startups with a focus on VR/AR/MR to British Columbia, which also has a shortage of programmers and other skilled IT professionals.

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“We are confident we will be able to this,” said Tejani, whose companies have launched over 40 startups in 21 different countries, employing over 350 people and generating over $100 million in annual revenues.

For Ray Walia, who co-founded Launch Academy in 2012 to become Vancouver’s top startup-incubator, the situation in the US has prompted his group to set up specialised services for Indian techies looking to relocate to Canada.

Walia has developed a programme at Launch Academy that leverages the Canadian Startup Visa Program. The programme helps international startups relocate their head offices to Canada and within six months grant Permanent Residency in Canada for up to five key members of a startup and their family members.

“The Launch Academy Startup Visa Program allows Indians to have the best of both worlds and build their businesses from Canada and continue to not only service the Indian market but also to continue to grow domestic operations in India as well.”

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Analysts predict that India’s IT outsourcing industry, worth around $108 billion and employing some four million people, will start looking elsewhere if the American restrictions are enacted.

Three bills have been introduced in the US Congress seeking to revamp the H-1B visa programme, which India’s IT sector uses to send thousands of highly-skilled workers to America every year. (IANS)
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Big reforms Led to India becoming the fastest growing major Economy globally: Garg

It also has enormous implications for emerging markets and developing countries

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The RBI building in Mumbai.
The RBI building in Mumbai. Photo credit: AFP/Sajjad Hussain

The major reforms undertaken by the Indian government for raising economic growth and maintaining macroeconomic stability have made the country one of the fastest growing major economies in the world, said Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA).

Garg was addressing the Special Event hosted by US-India Strategic Partnership Forum on ‘Indian Economy: Prospect and Challenges’ in Washington D.C on Friday.

Indian economy needs more reforms.
Indian economy needs more reforms.

He said the launch of the Goods and Services Tax (GST) represented an “historic economic and political achievement, unprecedented in Indian tax and economic reforms, which has rekindled optimism on structural reforms.” He further emphasized that India carried-out such major reforms when the global economy was slow.

“With the cyclical recovery in global growth amid supportive monetary conditions and the transient impact of the major structural reforms over, India will continue to perform robustly,” Garg said.

During his meetings, Garg highlighted that the digital age technologies have profound implications for policies concerning every aspects of the economy. It also has enormous implications for emerging markets and developing countries.

Also Read: Biggest Bank Frauds Which Shook The Indian Economy

He expressed that the response to such a transformation will have to shift from ‘catch up’ growth to adoption/adaption of digital technologies for development and growth.

Garg also informed that India has started adopting policies and programmes for transforming systems of delivery of services using digital technologies and connecting every Indian with digital technologies and access through Aadhaar and other such means.

Indian economy should be on rise.
Indian economy should be on rise. Image: Mapsofindia

While citing the example of expanding mobile data access, he mentioned that India is now the largest consumer of mobile data in the world with 11 gigabytes mobile data consumption per month. He informed that India is investing in digital technologies, encouraging private sector to adapt these technologies and also addressing the taxation related issues by introducing equalisation levy.

Garg is currently on an official tour to Washington D.C. to attend the Spring Meetings of the International Monetary Fund and the World Bank and other associated meetings. He is accompanied by Urjit Patel, Governor, Reserve Bank of India and other senior officials. IANS