Former Infosys CFO and industry veteran Mohandas Pai on Saturday said the US move to impose a steep USD 100,000 annual fee on H-1B visa applicants will dampen fresh applications by companies and may accelerate offshoring in coming months.
US President Donald Trump has signed a proclamation that will impose USD 100,000 annual visa fee for highly skilled workers. The H-1B nonimmigrant visa programme was created to bring temporary workers into the US to perform additive, high-skilled functions, but it has been deliberately exploited to replace, rather than supplement, American workers with lower-paid, lower-skilled labour, Trump said in the proclamation.
Dismissing the notion that companies use H-1B visas to send cheap labour to the US, Pai pointed out that the average salary paid by the top 20 H-1B employers exceeds USD 100,000, and criticised what he termed as misplaced “rhetoric carrying on.”
An IT industry expert who did not wish to be named said that the fresh approvals for Indian
