H1-B Visa Hike: A Disruptive Turn for Indian IT Firms
President Donald Trump's decision to raise H1-B visa fees to USD 100,000 annually presents cost challenges to Indian IT companies. The fee hike pressures firms to hire locally, strengthen global delivery, and move up the value chain, potentially impacting the US-India tech relationship.
- Country:
- India
US President Donald Trump's decision to increase the H1-B visa fee to USD 100,000 per year poses substantial cost concerns for Indian IT companies, according to Former Nasscom Chairman BVR Mohan Reddy.
This move, which is seen as protectionist, might push Indian firms to hire locally in the US and bolster their global delivery mechanisms from India. Indian companies could also explore advancement along the value chain as an opportunity amid the disruption.
While Trump's announcement has been met with criticism from American lawmakers and community leaders as 'reckless,' it could also lead to advantages for India, fostering local growth for Indian firms. Yet, the policy may threaten India-US tech collaborations, risking innovation slowdowns and rising inequalities.
(With inputs from agencies.)
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