Thursday's statement was in response to media reports which suggested that the US was considering capping H1B visas
issued each year for different countries, with the proposed annual quota for Indian companies to be around 10 to 15 per cent.
Despite pleas from giant tech firms seeking to hire highly educated foreigners, the Trump administration intends to freeze and possibly cut the number of H1B visas
that are issued by the US.
"It's getting worse now that even NRIs on H1B visas
are considering moving to Canada and green cards are getting delayed due to the shifts in immigration policies and political uncertainty," she says.
The stable outlook on IT services incorporates the expectation that domestic companies will remain in the forefront in offering IT services to the Western economies, weighed against some of the global challenges, especially in terms of H1B visas
and the fast-pace of technology changes that will require investments or acquisitions.
"We're getting more and more calls every day related to forced resignations and terminations from different parts of the country." He said companies are not listening to anyone, and "it's high time the government intervenes before the crisis goes completely out of control." When asked about the reason for this crisis, Raja said: "It's the greed and cost-cutting that drive the IT sector to take this kind of inhumane step." He also blames US President Donald Trump's protectionist measures and restrictions in giving H1B visas
The Finance Minister Shri Jaitley raised the issue of H1B visas
for skilled professionals from India and highlighted the contribution which Indian companies and professionals are making to US economy.
Talking about the executive order signed by the US President Donald Trump on H1B visas
, she said America has committed certain number of these visas to India and we would definitely want America to honour that commitment.
A ban on immigration and strict limits on H1B visas
could curtail hiring by both in-house pharma and CMOs.
For example, there are only 65,000 H1B visas
awarded each year to high-skilled workers.
'And in his 1st 100 days, he wants to get rid of illegal immigrants and the H1B visas
. I hope he will grant amnesty to those who deserve it instead of (opting for blanket) deportation.'
Category V - Those who changed to other visas such as H1B visas
or H4 visas have been heavily questioned by the ICE officers.
Wilson mentioned the smaller number of H1B visas
currently being awarded, and Arnaez noted that many global firms--at one time a go-to employer for immigrants--are reserving their visas for technical positions.