H-1B Visa: Suspension of fast-tracking will have business implications, says Nasscom

By: | Published: March 6, 2017 2:20 PM

Nasscom President R Chandrasekhar on Monday said that he met representatives from Congress and different government officials with respect to H-1B Visa programme.

“We will pursue with US government and embassy to ensure that there is no hindrance in the business. 2016 H-1B Visa hike is still not applicable to all IT companies,” he added.

Nasscom President R Chandrasekhar on Monday said that he met representatives from Congress and different government officials with respect to H-1B Visa programme. In a conversation with CNBC TV18, he said that suspension of fast-tracking H-1B Visas will have business implications. “We will pursue with US government and embassy to ensure that there is no hindrance in the business. 2016 H-1B Visa hike is still not applicable to all IT companies,” he added.

Nasscom Chairman C P Gurnani on Friday said that US President Donald Trump has not made any India-adverse announcements. In a conversation with CNBC TV18 he said, “IT hiring is going to be lower in FY18. Required skills in IT jobs need to be reinvented”. “November guidance of 8-10% remains until we revise it,” he added. Incidentally, Nasscom had deferred in providing a guidance for the next financial year due to uncertainties and slowdown in discretionary spending. The industry body has not made any forecast for fiscal 2018, citing political uncertainties in the US and Europe, which has slowed down decision-making in tech spending.

In January, following reports suggesting that US President Donald trump is set to sign a new executive order aimed at overhauling H-1B and other work visas, NASSCOM said that the Lofgren Bill contains provisions which might be challenging for the Indian IT sector and might also leave loopholes that will nullify the objective of saving American jobs.

You may also like to watch:

The $150-billion domestic IT industry body Nasscom is pinning hopes on a deeper engagement between the heads of both the countries to help tide over its current troubles, Gurnani had earlier said adding that the Trump government is consistently in favor of highly-skilled workers.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition