Capping H1B visas will hit tech outsourcing industry, global firms: Experts

Indian IT industry body Nasscom said there has been no official confirmation from the US on lowering of H1B visa cap

Even though there’s no official word yet on the United States’ (US’) plans to cap H1B visas for countries that ask foreign companies to store data locally, the proposed move, if implemented, could have a far-fetching impact on the technology outsourcing industry as well as global firms who are heavily dependent on Indian talent.

Quoting senior Indian government officials, Reuters on Wednesday had reported that the US government is planning to cap H1B visas issued each year for different countries and the proposed annual quota for Indian companies could be between 10 and 15 per cent. Currently, there are no