US visa price travel to strike Indian IT industry, says Nasscom

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Hyderabad: The travel in visa price by US Congress will have a disastrous impact on Indian program and services companies, for that America is a biggest market, peak IT attention physique Nasscom pronounced today.

The US Congress has doubled a special price on a renouned H-1B and L-1 visas, lifting it to USD 4,500 to account a 9/11 medical act and biometric tracking system.

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“The impact is sincerely high. But we theory a US has a possess priorities. Nasscom believes this is really disastrous that they are doing…because there is still sincerely necessity of skills, generally in STEM – science, technology, engineering and arithmetic (in USA).

“We had lifted a emanate with several forums in USA (about consequences of a visa hike),” Nasscom Chairman BVR Mohan Reddy pronounced during a press discussion here.

In a statement, Nasscom yesterday pronounced a price travel will sack American businesses of entrance to highly-skilled IT talent that they need.

Also, aloft costs of employing or constrictive for IT services will force some-more US companies to cruise relocating IT operations overseas, thereby shortening American jobs and taxation revenues.

Replying to a query on a impact on IT/ITES companies handling out of Chennai, that has been scorched by floods, Reddy pronounced a outcome would be limited.

“Some operative days were mislaid due to floods. There was one week of prejudiced detriment of work. But many of them are entrance behind to normalcy. Hope this is one time impact and all will come to normal, Nasscom is not reworking any number,” he said.

Meanwhile, Hyderabad Software Exporters Association currently announced skeleton for decoration of a china festival Year of Foundation (from Nov 2015 to Nov 2016).
PTI

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