Caps on H-1B visas will weaken US companies; put jobs at risk: Nasscom

IT industry body Nasscom Thursday cautioned that any move by the US to limit visas for tech workers, will weaken American companies that depend on these work permits to fill skills gaps, and put jobs at risk.

Nasscom also highlighted that Indian nationals accounting for a large chunk of approved H-1B visas is a “testimony” to their skill-set, and pointed out that a “vast majority” of these visas were being sponsored by global and US multinational companies.

The statement comes in the wake of reports that the US is mulling 10-15 per cent cap on H-1B visa for nations that compel foreign companies to store data locally. Such a move gains significance amid row between the US and India over trade and tariffs.