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Expect Trump govt to be pro-business, pro-capitalism: Sikka

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Press Trust of India New Delhi
Last Updated : Nov 15 2016 | 8:42 PM IST
Infosys chief Vishal Sikka today said he expects the Trump administration to be "pro-business" and "pro-capitalism" and not anti-globalisation as many fear.
While he warned that there could be a short-term impact on margins in case the US tightened visa norms as campaigned by the President-elect Donald Trump during elections, Sikka said companies could tide over the situation by hiring local talent.
"We expect a very pro-business, pro-capitalism, pro-American government that is coming...It is a pro- innovation, pro-delivering value and so, I do not see it as an anti-global situation," Sikka said in an interview to CNBC-TV18.
Last week, many senior leaders of the industry had expressed similar views. Leaning on Trump's business credentials, they expressed hope that he would not push through with his pre-election anti-outsourcing rhetoric, given the key role the sector plays in keeping American economy competitive.
Referring to Trump as a "great entrepreneur", he said the entrepreneurial culture of the Silicon Valley will appeal to the business magnate.
"I know that the campaign was a very bitter one and so on, but I think that governance is different than campaigning," he said.

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He further said if companies are able to transform ourselves towards a culture of innovation and delivering value, "all this visa talk will be behind us".
Asked about his views on fears that there will be tighter visa regulations and higher costs for companies, Sikka said "That is very real and we have to deal with that. We have to be prepared for that".
"In the near-term, it could have a short-term margin impact. Ranga, our CFO has done a calculation on that. We spoke about that to analysts last week," he further said.
Sikka, however, stated that there will not be much impact if that happens.
"It is not much. It is to the tune of a few thousand correction or adjustment in a few thousand people. So, it is not such a big deal. And anyway, local hiring is a good thing," he said.
Sikka said overall, he expects to see a more open business environment.

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First Published: Nov 15 2016 | 8:42 PM IST

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