Tuesday, March 18, 2003
India's software industry is worried that a German government decision to stop issuing work permits known as “green cards” could harm the dozens of Indian companies operating in Germany.
Germany will suspend the issuance of green cards for IT professionals beginning July 31. The German government began issuing 20,000 green cards a year in August 2000 to speed the processing of visa applications. The two-year program was extended one more year, but will end at the end of July.
The National Association of Software and Service Companies(Nasscom) said "renewal or extension of the existing policy would have been a positive step.”
Prominent Indian companies with operations in Germany include Wipro, Satyam Computer Services, Tata Consultancy Services (TCS), Digital GlobalSoft and I-Flex. Given the U.S. economic slowdown and concerns here about war with Iraq, Germany's decision adds to the list of woes facing the country's software industry.
By: DocMemory
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