With the passage of this Bill, Indian IT companies now stare at a USD 400 million visa bill
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It is really unfortunate that things have come to this, especially notwithstanding all the representations to the US government on how this will adversely impact India-US bilateral relations, and even ignoring Prime Minister Narendra Modi’s personal request, says a disgruntled R Chandrasekaran, president, Nasscom, after the US House (White House) passed the USD 1.15 trillion Spending Bill.
This Bill extends the US government funding through September 2016, and lifts oil export ban. The US government’s current funding expires by December 23. With the passage of this Bill, Indian IT companies now stare at a USD 400 million visa bill.
According to Chandrasekaran, the Indian government now has to decide on what it needs to do. He feels the government should take up the issue of higher visa fees with the US.
India’s commerce minister Nirmala Sitharaman has already taken up the visa issue with her counterpart in the US.
Chandrasekaran also feels issue of visa fees can be raised informally at sidelines of WTO meet.
More to follow….