Indian IT firms to expand operations in Mexico and Canada. Since, the Novel Corona Virus Outbreak USA has raveled. Therefore Trump administration last week ordered a ban on issuing H-1B VISA’s. Moreover, to citizens from other countries which include India. This VISA is issued under the Immigration and Nationality Act. In the Section 101(a)(15)(H) that allows U.S. employers to temporarily employ foreign workers in specialty occupations.
H-1B: A VISA Changing Business
The visa system has conceived so companies. Which could hire overseas workers to fill a shortage of high-skilled talent. In technology services and product development. India’s technology trade group, Nasscom, called Trump’s order “misguided and harmful to the U.S. economy”. Also it warned to exacerbate the country’s economic pain. Indian companies provide technology staff and services to U.S. hospitals. Drug makers and biotechnology companies as well, Nasscom pointed out. In addition, the industry may send more workers to Canada or Mexico without access to the U.S. market.
“These highly-skilled workers are in great demand. And they will be mobile no matter what.” Aaid Shivendra Singh, President of Global Trade Development at Nasscom. Furthermore, Indian companies could see an impact on their margins. Because of increased worker salaries, higher costs of local hiring and subcontracting. And the collateral damage from VISA rejections and prolonged processing times.
India accounts for about 70% of the 85,000 H-1B visas issued annually, according to immigration data. Also, to foreign talent with bachelor’s degrees. The remaining 20,000 are allotted to workers who have more advanced degrees.
Many critics including Sundar Pichai, CEO of Alphabet Inc. Have expressed displeasure and pledged to support talent across the territories. However, Indian IT Firms cannot expand in the USA currently. But The White House said that this was taken as a preventive measure to the COVID-19 Pandemic. Populous countries have high risks of infection such as India. Therefore, this VISA ban is shortly in existence. Stated one of Trump’s Media Representatives.
Immigration has contributed immensely to America’s economic success, making it a global leader in tech, and also Google the company it is today. Disappointed by today’s proclamation – we’ll continue to stand with immigrants and work to expand opportunity for all.
— Sundar Pichai (@sundarpichai) June 22, 2020
