Impact of US' H-1B fee increase may resonate across American innovation sector, potentially influencing Indian technology firms, according to Nasscom
Nasscom Expresses Concerns Over New H-1B Visa Fee
The Indian IT industry body, Nasscom, has raised concerns over the White House's recent announcement of a new USD 100,000 annual fee on H-1B visa applications. The body acknowledges the shift in global delivery models and the increase in local hiring by Indian IT companies in the US, but views the one-day deadline for implementation as unrealistic and disruptive.
Nasscom has requested further clarification from the United States Citizenship and Immigration Services (USCIS) regarding the September 19 order. The body emphasizes the role of high-skill talent in driving innovation, competitiveness, and growth for the US economy.
The new fee will impact Indian nationals on H-1B visas working for global and Indian companies. Nasscom defends the compliance and contribution of these firms to the US news economy, and reiterates the importance of high-skilled talent for America's technological leadership.
The industry body will engage with industry stakeholders to discuss the implications of the new fee. Companies will need to adapt and manage transitions due to the new fee, and Nasscom suggests that policy changes of this scale are best introduced with adequate transition periods.
The discretionary waiver process, to be granted by the Secretary of the Department of Homeland Security, is another area of concern for Nasscom. The body will continue to monitor developments and seek further clarity on this process.
The criticality of high-skill talent is highlighted in the context of advancements in AI and other frontier technologies. Nasscom's stance remains that high-skill talent is vital to sustaining America's innovation leadership and long-term news economy strength.
Nasscom does not view H-1B workers as a threat to national security in the US. The body will continue to defend the compliance and contribution of Indian firms to the US news economy, and will work with industry stakeholders to mitigate the impacts of the new H-1B fee.
The fee adjustment could have far-reaching implications for the innovation ecosystem and job news in the United States. Nasscom will remain vigilant and proactive in navigating these changes, with the aim of ensuring a conducive environment for the growth of the Indian IT industry in the US.
Read also:
- Maximizing Business Agility and Efficiency through Hybrid Cloud: Unveiling the Advantages
- Shaping production and consumption tendencies via cosmetic certification
- Increased Investment in AI, Machine Learning, Internet of Things, and Quantum Computing to Propel Growth in the Digital Economy (2020 Budget)
- Deteriorated residence designed for trainees
