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The steep increase in US H1-B application fee will require India’s top IT services firms to spend $150-$550 million extra each in immigration fee, going by last year’s visa sponsorship numbers. This will significantly impact their delivery costs in the US market, which accounts for as much as 85% of their revenue and 3-5% of the industry’s active workforce.
While offshoring will likely see an increase with companies executing more work outside the US, they must still sponsor workers for onsite roles requiring specialised skills, now at a sharply…
