Asia Pacific Japan North America Professional Services Strategic Outsourcing

Hike in US visa fee not to have major impact on Indian IT firms

The hike in visa fees by the US will not have any major impact on the Indian IT industry since the quantum of hike is not significant, say analysts.

On Friday, the US Congress doubled visa fees to $ 4,500 on the H-1B and L-1 visas citing that it will be used to fund a 9/11 healthcare act and biometric tracking system, even as President Barrack Obama’s term is coming to an end. The US House of Representative is slated to vote on the $1.1 trillion spending bill deal on Thursday.

“The IT firms will pass the extra money they have to incur on visa fees to their clients,” said Sanchit Gogia, Chief Analyst & CEO of Greyhound Research, an independent IT and Telecom Research and Advisory firm. Gogia points out that IT firms have adequate income flows and margins that can absorb this fee hike.

“If the non-US IT companies presence will be pruned, the existence of these ancillary industries too will be threatened,” said Gogia of Greyhound Research.

Source: FirstPost

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s