Thursday saw a further deterioration in the diplomatic relations between india and canada, and local IT companies, particularly those with operations and offices there, continued to exercise prudence and take a "wait and watch" stance. Although Nasscom, the leading organization in the IT sector, has stated that there is "no immediate cause of concern," IT companies, including startups, are exercising caution. Their worries have finally materialized with india stopping visa services for Canadians "until further notice."
Industry insiders are also worried that the impasse could stall new business deals and professional exchanges between the two countries. They emphasized that "a favorable political climate" is crucial for the expansion of businesses. indian IT companies with a strong presence in canada include Tata Consultancy services (TCS), Infosys, and Wipro.
With offices in Toronto, Calgary, and Vancouver, Infosys also established a new Canadian company in July under the umbrella of its US-based business Infosys Public Services. Infosys Public servicescanada will have an office that is more than 10,000 square feet in size in Ottawa. The expansion came after a string of investments by Infosys in Canada.
"The IPS canada announcement is the latest development in a series of investments made by Infosys, which has expanded the employee count to over 7,000, with a commitment to increase to 8,000 employees by 2024," the business stated in a statement. Leading technologyservices and consulting firm wipro Limited announced the opening of its newest Wipro-AWS Launch Pad Centre in Toronto in january of this year. This will allow Canadian customers to accelerate their move to the cloud and develop market-leading solutions using the combined expertise of wipro and AWS.
TCS teams across the US and canada “consist of over 53,000 diverse, agile, and highly trained innovators who help nearly half of the Fortune 500 turn their goals into reality,” according to the company’s website.
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