The U.S. government's decision to raise visa application fees to $100,000 — up from the previous $2,000 – $5,000 range — is prompting companies to accelerate the relocation of high-value operations to India. This shift is expected to significantly boost the growth of Global Capability Centers (GCCs), which already number...
Accenture Expands Further in India
Accenture is planning a significant expansion in India with a new campus in Visakhapatnam, Andhra Pradesh, potentially creating 12,000 new jobs. The consulting and technology services firm has requested approximately 10 acres of land in Visakhapatnam for the proposed campus. While final approvals are pending, state officials have expressed strong...
India’s Trade Partnership with U.S. Nears $150 Billion
Ravi Kumar, CEO of Cognizant, an American multinational information technology services company headquartered in Teaneck, New Jersey, told CNBC-TV18 that India and the U.S. have been witnessing a remarkable inflection point in their bilateral trade and collaboration. Notably, the trade partnership in manufacturing goods and commodities has surged to an...
American Companies Top in Leasing Commercial Space in India
In India, American companies occupy about 45 percent of the grade ‘A’ space, as they continue to expand operations leveraging the low cost and highly-skilled resource base in the country. Companies from India account for 35 percent of the office real estate absorption, while those from the European Union take...
U.S., India, China, Lead in Artificial Intelligence
Malcolm Frank, head of strategy at IT firm Cognizant, headquartered in Teaneck, New Jersey, told CNNMoney that the United States, India, and China are far ahead of anyone else in artificial intelligence. In America, Amazon, Facebook, Google, and Tesla are investing billions of dollars to substitute for people in sectors such...