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US President Donald Trump‘s decision to raise H1-B visa fee to $1,00,000 annually poses significant cost challenges to Indian IT companies and will be disruptive in near term, said former Chairman of Nasscom BVR Mohan Reddy on Saturday.
He also said the move could also push Indian IT firms to accelerate local hiring in the US, strengthen global delivery from India, and move up the value chain-turning a challenge into an opportunity for more resilient models.
“The sudden $100,000 H-1B visa fee poses significant cost challenges for Indian IT companies,…
