India’s IT loby warned on tuesday against US Visa Bill introduced by Congresswoman Zoe Lofgren
Indian IT Lobby, they are warned on Tuesday. The bill before the aim they said they will not solve a U.S labour shortage in technology and engineering. IT lobby group Nasscom bill introduced by Congresswoman Zoe Lofgren from California.
The holders required double minimum salaries of H-1B visas to $130,000. $150 billions technology centre of India led by Tata Consultancy service company. H-1B visas of developers and engineers to fly the US to service clients. According to a new report, they replace US workers.
According to the President of United States, Donald Trump immigration policies ban on refugees on Friday.
The Lofgren Bill contains provisions that may prove challenging for the Indian IT sector and will also leave loopholes that will nullify the objective of saving American jobs
According to the industry, body said that workers in US bill did not a shortage of STEM. The country’s fourth-biggest software services exporter Tech Mahindra (TEML.NS) said to Indian IT they are already looking for alternatives.
Senior President of Private Client Group Research, Kotak Securities Dipen Shah said that There will be a severe hit (to) profitability. The bill will push to Indian software services exporters. After reducing the need of worker in IT firm, IT firm still need to hire more workers in the US.