By Haripriya Suresh
NEW DELHI (Reuters) -Imposing a brand new $100,000 annual charge on H-1B visa functions might disrupt the worldwide operations of Indian know-how providers firms that deploy expert professionals to the USA, India’s IT business physique Nasscom mentioned on Saturday.
The White Home introduced the brand new charge on Friday, prompting some main U.S. tech companies to advise visa holders to both stay within the nation or return there rapidly. The brand new charge marks Washington’s most high-profile try to overhaul the nation’s short-term employment visa system.
Nasscom, representing India’s $283 billion IT and enterprise course of outsourcing business, mentioned the abrupt rollout of the coverage would affect Indian nationals and disrupt continuity of ongoing onshore initiatives for the nation’s know-how providers companies.
The business physique mentioned the one-day deadline for the brand new coverage created “appreciable uncertainty for companies, professionals, and college students internationally.”
It additionally mentioned the brand new coverage might have “ripple results” on the U.S. innovation ecosystem and on world job markets, mentioning that for firms, “extra value would require changes”.
Microsoft, JPMorgan and Amazon responded to the announcement by advising staff holding H-1B visas to stay in the USA, in accordance with inside emails reviewed by Reuters.
Since taking workplace in January, President Donald Trump has launched a broad crackdown on immigration, together with efforts to restrict sure types of authorized immigration.
(Writing by Sarita Chaganti Singh; Enhancing by Hugh Lawson)
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