(This entry was first published in this blog on April 2009 and it is based on the context of that time. It got deleted for technical problems and I am again posting it here.)
Indian IT firms are going to face another major setback as a new bill has been proposed to curb the hiring through the H-1B and L-1 visas. This move by the
The new bill stops IT firms, that already have H-1B and L-1 visa holders, comprising more than half of its office staffs, from hiring further employees through the H-1B and L-1 route. Senator Chuck Grassley and Dick Durban introduced this new law with an end to “root out fraud and abuse and ensure that Americans are give every consideration when applying for jobs.” In October 2008, the US Citizenship and Immigration Services (USCIS) released a Benefit Fraud and Compliance Assessment report which revealed the violation rate is more than a 20% by the companies that use the H-1B visa programme.
Currently, there are several big Indian IT firms that have either branch offices or subsidiaries in
The main problem for Indian IT sector is that it is heavily dependent on
Infosys, one of the top IT companies in
Kamal Nath, Minister, Commerce and
Well, the move was not totally unexpected. Such a bill was already introduced last year but it was not passed. Now,
A top Indian IT industry executive said that currently a large Indian IT firm employs around 18000 employees at its
Som Mittal, President, Nasscom, said that US legislators should go for a comprehensive reform because H-1B visa holders have no relation with job losses in
Ganesh Natarajan, former Chairman, Nasscom and vice-chairman, Zensar Technologies, also expressed his concerns over the passing of the legislation.
Mohandas Pai, board member, Infosys Technologies, the second largest exporter in
Pratik Kumar, Executive Vice-President, Wipro Technologies, strongly opposed the bill. He said that the proposed legislation is an antithesis to globalization as it leads to restricted trade practice. Mr. Kumar said that over the year,
Due to economic melt down, there are no new jobs or fresh demand of jobs in