New Delhi, 20 September (IANS). NASSCOM (National Association of Software and Services Companies), the top body for the technology industry in India, is assessing the impact of the US administration’s decision to impose an annual fee of $ 1 million on H-1B visa from September 21.
According to government sources, Bharat is in touch with the Indian Embassy in Washington DC and is also interacting with the major tech industry organization NAScom.
The new H-1B visa fees are expected to affect American companies the most, as they are significantly dependent on Indians for special and high-skilled tech posts.
According to experts, a new wave of the Global Capability Center (GCC) can also begin in India to meet the shortage of talent in the US after the new visa fee rule.
India has the most H-1B visas, followed by China.
Meanwhile, GCCs are preparing to increase talent in India, making 48 percent of GCC planning to increase their workforce more than 2024 levels.
Finance Minister Nirmala Sitharaman said this week that India has about half of the world’s global capability centers (GCC), which is now at the forefront of making innovation, R&D and leadership.
Addressing the Special Ministerial Planry and Report Back at the ‘CII GCC Business Summit’, he said, “With the right policies, infrastructure and skill development, this region can define our visit to 2047,” he said while addressing the Special Ministerial Planning and Report Back and, with the right policies, infrastructure and skill development. “
Since 2021, the US -based companies have been responsible for about 70 percent of the total GCC.
In recent years, GCC of UK, EMEA and APAC regions has also strengthened its presence in India.
India has about 1,700 GCC and is estimated to exceed 2,100 by 2029-2030.
CP Gurnani, former CEO and Managing Director of Tech Mahindra, said that in the last few years, Indian IT firms have reduced their dependence on H-1B visas and the application for this has reduced more than 50 percent.
He said, “This change is the result of our strategy that we should give jobs to more people at the local level, invest in automation and improve our global delivery model. Even if the visa fees changes, but it will have little impact on our business, because we have already adapted ourselves according to this changing environment.”
-IANS
SKT/