According to HCL Technologies' management, the IT spending outlook for 2014 is positive but immigration remains a concern for the industry, although not so much for them.
“I would say 2014 continues to look good. The renewal market continues to be buoyant, something we always have been saying. So I would say the market is buoyant,” said Anant Gupta, CEO, HCL Technologies in an interview to CNBC-TV18.
Also read: Bullish on India; disappointed by few tech startups: Adobe
When asked if he was worried about lobbying, immigration issues he said, "It is a valid concern for the industry and for the societies in which we do business but it really depends on your business model."
However, the impact on the business model will vary depending on what the real business mode is. For example if one is in a staffing business then one would be very worried but if one is has managed services kind of a delivery model then they need not be so worried, he said.
"For last 3-4 years, we have been a net employer in most of these markets. So I would say while the immigration issues are irritants they are not really a worry," said Gupta.
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