New H-1B Visa Fee Stirs Concerns in Tech Sector
A newly imposed $100,000 annual fee on H-1B visa applications threatens the operations of Indian tech firms in the U.S. Nasscom expressed concerns over potential disruption and the policy's ripple effects on global markets. Major U.S. companies are advising visa holders to act promptly.
The recent introduction of a $100,000 annual fee on H-1B visa applications by the White House has raised alarms in the Indian technology sector. India's IT industry body, Nasscom, expressed concerns over the impact this will have on the deployment of skilled professionals to the United States.
According to Nasscom, the swift implementation of this policy could disrupt the seamless operation of ongoing projects. This is seen as part of a broader initiative by the current administration to overhaul the U.S. temporary employment visa system, potentially affecting not just businesses, but also professionals and students worldwide.
In response to the policy, tech giants like Microsoft, JPMorgan, and Amazon have reportedly advised their employees holding H-1B visas to either stay in or quickly return to the U.S. as precautions. The industry anticipates that the new policy will carry ripple effects across global job markets and innovation ecosystems.
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