US triples work visa fees |
In a big blow to the $146-billion Indian IT services industry , the US government has tripled H-1B and L-1 visa fees, a move that`s seen to be an effort to ease American fears about job losses in an election year. And unlike in 2010, when it had doubled the fees for five years, this time, the enhanced fees will extend up to 2025, that is ten years. Indian IT firms, the largest users of H-1B and L-1 non-immigrant visas, will take a $400 million hit due to the increased fees and be forced to relook at the num ber of employees they send every year to their largest client market. This could impact the business they do in the US, as also make them less competitive vis-a-vis American rivals.
|
|
|
|