BANGALORE: The Indian IT industry Friday slammed the US government's proposal to sharply increase visa fee to raise funds for its border security needs.
"The Border Security Bill, which was passed by the US senate late Thursday, will have a significant impact on the Indian IT sector, as it aims to raise about $600 million by increasing fee for H-1B and L-1 visas," National Association of Software and Services Companies (Nasscom) president Som Mittal said.
The proposed hike is expected to be about $4,500 per visa from $2,500 currently.
"We estimate the impact on Indian IT firms could be as high as $200-250 million per year," Mittal said.
Several Indian IT firms avail H-1B and L-1 visas in thousands every year to fly their software engineers to the US for working at their clients' locations as on-site techies.
http://economictimes.indiatimes.com/news/news-by-industry/services/travel/visa-power/Indian-IT-industry-slams-US-move-to-hike-visa-fee/articleshow/6271452.cms
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