Increase in H-1B visa charges may potentially disrupt IT sectors in India, claims industry association.
The White House announced a new $100,000 annual fee on H-1B visa applications, a move that is part of President Donald Trump's administration's ongoing efforts to limit certain forms of legal immigration. This new policy has prompted concerns and uncertainty among businesses, professionals, and students worldwide.
Reuters has reviewed internal emails indicating advice given to H-1B visa holders by major U.S. tech firms such as Microsoft, JPMorgan, and Amazon. These companies have advised their employees holding H-1B visas to remain in the United States in response to the announcement of the new H-1B visa policy.
The new fee, if implemented, could potentially disrupt the global operations of Indian technology services companies, including Tata Consultancy Services and Infosys. Nasscom, representing India's $283 billion IT and business process outsourcing industry, has expressed its concerns about the new policy. The abrupt rollout of the policy, according to Nasscom, would impact Indian nationals.
The assessment of the new H-1B visa policy's impact on companies and workforce is being conducted by South Korea as well. The new policy could have "ripple effects" on the U.S. innovation ecosystem and global job markets. The one-day deadline for the new policy has created considerable uncertainty for businesses, potentially disrupting the continuity of ongoing onshore projects for Indian technology services firms.
The new fee marks Washington's most high-profile attempt to overhaul the country's temporary employment visa system. The policy could potentially impact global job markets, as it could lead to companies making adjustments due to the additional costs resulting from the new H-1B visa policy.
The new H-1B visa policy is under assessment by South Korea for its impact on companies and workforce. Nasscom, representing India's IT and business process outsourcing industry, has expressed concerns about the new policy, stating that it could disrupt the global operations of Indian technology services companies. The new policy could potentially impact global job markets, as it could lead to companies making adjustments due to the additional costs resulting from the new H-1B visa policy.
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