H1-B visa restrictions compel Indian tech firms to hire more locals: Report

Restrictions on the H1-B visas by the US have compelled Indian tech companies to hire more locally and led to an escalation in employee costs, a rating agency said Friday.

Second largest exporter Infosys led with 2,122 visa denials in fiscal year 2017-18, followed by its larger rival TCS with 1,896 rejections, the report by Care Ratings said.

“The increasing protectionist measures imposed by US administration to safeguard US workers are directly having an adverse impact on the Indian IT majors,” it said.

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