And this is going to be a big concern fo Indian IT outsourcers.
Indian IT firms to be affected badly—It is being believed that the latest US immigration proposal being proposed by eight US Senators(four Republicans and four Democrats) will have the biggest impact on the those Indian IT firms which happen to be maximum users of US H-1B work visas.
And those likely to gain immensely from such immigration proposal will be US high tech firms. The details of the proposed US immigration bill are not yet known.
Latest US immigration proposal may prove restricting for the Indian IT outsourcers while benefiting the US firms, it is being largely felt.
How will top Indian IT firms be affected—As per the information, it is being slated that Indian IT firms who are major users of US H-1B visas(those Indian IT firms who have more than fifty percent of their employees using US H-1B visas) will have to fulfill new salary rules with regard to total US H-1B work visas to be issued to their employees.
India’s loss—America’s gain–A point worth consideration with regard to the likelihood of the impact of the latest US immigration proposal(forwarded by ‘Gang of Eight’) is that firms with less than 15 percent of their employees using US H-1B visas will be getting the maximum benefit of the proposed immigration rules.
As per an article, such US firms will not only be subject to lesser restrictions but also be able to get new US visas. So, by doing so, the US will not only help benefit its firms but will also kill the IT industry of India especially those Indian IT firms which rely heavily on use of US H-1B visas for their employees, feel several senior officers and CEOs in the $108 worth Indian IT industry.
Affect on US-India trade relations--Nasscom president Som Mittal feels movement of skilled workers on a temporary basis must not be considered as an immigration issue. Hence, the US must take into consideration the impact of such a legislation on the trade between India and the US, he clarified.
And US firms dependent heavily on Indian IT companies for innovation as well as daily operations will be affected seriously, reveals an IT official.