More than 21 lakh Indian technology professionals have applied for H-1B work visas in the last 11 years, an official report has said.
Infosys played down concerns about cost pressures from a plan to hire 10,000 US workers and boost its on-the-ground US presence, saying it will enable faster deployment of staff in newer, more profitable projects in areas like big data and cloud.
Finance minister Arun Jaitley has “strongly raised” the H-1B visa issue with US commerce secretary Wilbur Ross, highlighting the important role played by highly skilled Indian professionals in America, officials said.
India’s top slot as the favourite business process outsourcing (BPO) destination in the world is being challenged by tiny nations like Philippines, Indonesia, Vietnam, Sri Lanka, and others, besides big brother China and other east European countries.
IT industry body Nasscom dispelled on Friday fears about the possible damaging prospects of the new US immigration bill which proposes to restrict issuance of H1B visas to Indian companies.
In less than five days after it started receiving applications for H-1B visas for the fiscal year 2017 beginning October 1, 2016, the US said on Friday that the Congressional-mandated cap for the visas has been reached.
The data from several of the city hospitals indicate that more than 50% of the patients suffering from depression and anxiety are employed with the IT sector or BPOs.