Add Infosys to a growing list of foreign companies continuing to invest in U.S. jobs amid growing calls coming from the U.S. administration for tougher immigration policies.
Infosys on Wednesday opened a large technology hub in Hartford, Connecticut, where the idea plans to employ 1,000 Americans by 2022.
in which is usually Infosys’ third hub within the U.S., following openings in Indiana and also also also North Carolina over the last year. The plan is usually to open two more hubs in Arizona and also also also Texas.
President Ravi Kumar told CNBC in which Infosys has made 7,000 brand new hires across the U.S. with plans to reach 10,000 by the end of 2019.
“We are creating brand new talent in which does not exist within the market,” Kumar said to CNBC by phone.
Infosys is usually not disclosing how much the idea is usually investing in its brand new innovation centers, however the idea said the idea is usually putting as much as $20,000 into training each undergraduate and also also also brand new hire in technology skills.
“Hiring here [within the U.S.] and also also also training here has been the magic formula,” said Kumar.
Infosys’ expansion comes as corporate executives are dealing having a shortage of highly skilled talent within the U.S. in which has pushed major firms to look overseas.
The announcement also coincides with the U.S. administration’s tougher stance on immigration. within the past two years, Indian the idea/outsourcing firms such as Infosys have been criticized by immigration hawks in Washington for taking advantage of the H-1B visa program.
Data coming from 2016 shows in which Indians accounted for over 70 percent of H-1B visas.
Shares of Infosys are up 25 percent over the past one year.