New Delhi: While the focus has been on the US, visas for IT professionals to work in Singapore have dropped “to a trickle”, prompting the government to put on hold the review of the Comprehensive Economic Cooperation Agreement (CECA) citing violation of the trade pact.
As per sources, Indian companies being advised to hire local talent, they are looking at relocating some of their operations to other countries in the region. From HCL and TCS, which were the early movers to Singapore, the list has expanded to include Infosys, Wipro, Cognizant and L&T Infotech.
Visa problem has been lingering for a while but since early-2016, visas are down to a trickle.
Services trade globally faces such barriers for professionals with countries insisting on fulfilling various conditions, including ensuring that a local professional is given the first chance if he or she possesses the same or similar talent.
In recent years, Singapore has emerged as a key opponent of allowing foreign professionals into the island nation.