"In terms of the new administration, the new President is going to take office next week. President-elect Trump himself is an entrepreneur and has a very business-friendly, innovation-oriented background. So, I expect that the policies of the administration are going to be friendly towards business, innovation and entrepreneurship," he said.
He added that if companies continue to focus on delivering value and innovation, "things will be okay".
The move is likely to significantly impact Indian IT firms, which get about 60 per cent of their revenues from the US.
"Of course, visa policies and immigration related policies may change and we have to watch and see what happens there," he said.
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Sikka said there would be some impact of the H1-B depending on the nature of the policy that is enacted but added that "it is not something he is overly concerned about".
"Many clients have reached out, because everybody is trying to figure out what this means but I wouldn't say there is any noticeable discernible pattern. So as we see the policies take effect, we will let you know. We are waiting and watching," Sikka said.
Sikka said the company has been increasing the number of local hires in its international markets, including the US.
"We have quite a bit of H1-Bs and we also have a lot of local hires... We had articulated that we have to become much more local and locally-oriented in our strategy in the market and globally...So ultimately, regardless of the visa policies or so forth, the right thing to do for innovation is to have a lot of rich local talent," he said.