US H-1B Visa Fee Surge Threatens India's Tech Sector

Industry body Nasscom has expressed concern over the United States' plan to elevate the H-1B visa application fee to a staggering USD 100,000. This move is predicted to severely impact India's technology firms, disrupting business continuity, especially for onshore projects requiring adjustments.

The apex body highlighted the September 21 deadline for implementation, which imposes considerable uncertainty on businesses, professionals, and students worldwide. While the finer details of this policy are under review, Nasscom warned of its potential ripple effects on America's innovation and job ecosystem.

Companies are increasingly resorting to local hiring to reduce visa dependency. Despite this shift, the fee increase remains a significant concern amidst existing geopolitical and economic challenges. Nasscom emphasized the importance of high-skill talent to America's competitiveness, urging for a more gradual introduction of such policies to allow effective planning and minimize disruption.