No visa to firms without 50 pc Americans

Washington, Aug 30: After United States increased the H1-B, L1 visas, now they are coming with another bill which states that foreign firms with less than 50 percent Americans, won't be allowed to get visa.

If the bill is passed, it is expected to affect the Indian IT outsourcing sector, which is nowhere near this 50 percent figure and still relies on H1-B and L1 visas to transition clients' contracts offshore.

Indian IT service companies depend heavily on H-1B and L-1 visas to send employees from India on a temporary basis to transition clients' work to India.

However, Nasscom President Som Mittal said that there is no official draft available now. There are discussions between the US administration and Congress on a 10-point agenda on the shape of the Bill.

According to sources, all these visa rows are nothing but the political games as unemployment rates are high and private indebtedness is very high.

OneIndia News