The US decision to impose $ 100,000 fees on H-1B visas has caused panic and moved on how they affect Indian technicians. While some see it as a major blow to the American innovation, others see a window of an opportunity for the technology ecosystems in India.
Many skilled Indians who may have gone out now can think about staying or returning, but experts warn that the benefits of India are not guaranteed.
“It is important how India responds to these back winds that are presented on a silver plate! America’s loss is not necessarily the gain of India. The talented Indians will be searched in other countries,” Tweet Sidhar Disai, investor and MD in Kishor Pumps. Desai stressed that India should act carefully to ensure that it takes advantage of this moment.
It was a tweet in response to the former CEO of Niti Aayog, Amitab Kant, who highlighted the potential benefits of US policy. Kant said: “By closing the door on global talents, America pays the next wave of laboratories, patents, innovation and emerging companies to Bangalore, Hyderabad, Bonnie and George. The finest doctors, engineers and scientists in India have an opportunity for India.
Desai noted that in order for India to benefit really, it must focus on the main areas such as making cities more lively through the best governance, providing practical education and skills for the growing workforce, and reducing the organizational obstacles of companies and industries. He warned that without addressing these issues, India could miss the opportunity to convert this wave of talents into real growth, as many skilled professionals may still look to other countries to obtain opportunities.
The H-1B visa fee of only $ 100,000 was clarified to new applicants, an official at the House of the House explained on Saturday. The clarification came a day after President Donald Trump signed a declaration that raises the fees on the visas that companies use to employ workers from abroad, including from India, to live and work in the United States.
“This is not an annual fee,” said Caroline Levitt, a White House journalist. “Those who are already carrying H-1B visas and are currently outside the country at the present time they will not be imposed on $ 100,000 to re-enter.”
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