H-1B visas opened for submission of applications from April 1 for fiscal year 2014, that is, starting from October 1, 2013, through September 30, 2014. And this year, the process got completed within five days. Besides these 65,000 visas, the USCIS also provides an additional 20,000 permits on behalf of permits exempt from the cap under the advanced degree exemption for which also the cap has been reached.
After today, the USCIS will not accept H-1B petitions subject to the FY 2014 cap or the advanced degree exemption, a release said.
The agency will conduct the selection process for advanced degree exemption petitions first. All advanced degree petitions not selected will be part of the random selection process for the 65,000 limit. Due to the high number of petitions received, the USCIS is not yet able to announce the exact day of the random selection process.
Earlier interacting with mediapersons, Nasscom president Som Mittal said this year is going to be tight for the Indian IT industry with the H-1B visa cap being at 65,000. There will be scarcity and companies will have to tweak their business models to sustain, he added.
The H-1B visa has become a controversial subject in the US with the general criticism that Indian IT companies were taking away the local jobs in the US by bringing in foreign workers.