NEW DELHI: The government and the IT industry’s apex body, Nasscom, are assessing the fallout of the US administration’s decision to impose a $100, 000 annual fee on H-1B visas from September 21.
According to government sources, New Delhi is in touch with the Indian Embassy in Washington, DC, and is also holding consultations with the leading tech industry body Nasscom here.
The new H-1B costs are expected to affect the US companies the most, as these rely heavily on Indians for specialised and high-skilled tech roles.
According to experts, this may also trigger a new wave of global capability centres (GCCs) in India to meet the shortage of talent in the US after the new visa fee rule.
Indians hold the highest number of H1-B visas, followed by China.
Meanwhile, GCCs are preparing for a talent expansion in India, with 48 per cent of GCCs planning to increase their workforce beyond 2024 levels.
Finance Minister Nirmala Sitharaman said this week that India today hosts nearly half of the world's Global Capability Centres (GCC), which are now at the forefront of innovation, R&D, and leadership creation.