Washington, Sep 30 (IANS) Days after US President Donald Trump signed a proclamation to significantly curtail the H-1B visa programme and amend its rules, a report says the moves will “hasten US firms’ shift of critical work to India.”
An article argues that the Trump administration’s actions could lead to “turbocharging the growth of global capability centres (GCCs) that handle operations from finance to research and development.”
The report quotes Rohan Lobo, a partner and GCC industry leader at Deloitte India, as saying that “he knew of several US firms reassessing their workforce needs.”
“Plans are already underway for such a shift, pointing to greater activity in areas such as financial services and tech, and particularly among firms with exposure to U.S. federal contracts. GCCs are uniquely positioned for this moment. They serve as a ready in-house engine,” it added.
The article further points out that if the new visa curbs are unchallenged, “industry experts expect US firms to shift high-end work tied to AI, product development, cybersecurity, and analytics to their India GCCs, choosing to keep strategic functions in-house over outsourcing.”
On September 19, Trump signed a proclamation cracking down on H-1B visas, announcing a $100,000 fee for each new application. He said there would be an “incentive to hire American workers.”
The proclamation caused immense confusion as it seemed to suggest that it would impact the current H-1B visa holders, who may face hurdles in returning to the United States.
The White House issued a clarification to IANS, saying that this is a “one-time fee” that applies only to new visas and not renewals or current visa holders.
Days later, the US Department of Homeland Security (DHS) also proposed to “amend its regulations” governing the H-1B visa process.
The DHS plan seeks to scrap the existing lottery system and implement a weighted selection process that it says would favour the allocation of H-1B visas to higher-skilled workers.
–IANS
scor/dan
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.