US visa curbs: Will Indian IT firms shift more technology work offshore?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The US Department of Labor suspended PERM applications for eight technology companies on October 8.
- ✓This move creates uncertainty for Indian professionals seeking green cards.
- ✓While firms like TCS said they do not expect the suspension to affect their strategy, many companies may now shift more technology work to India.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Standard
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
PERM is the first stage of most employer-sponsored green card applications (Representative image from file)
Restrictions on skilled foreign workers in the US and the suspension of Permanent Labour Certification (PERM) applications involving eight technology companies could push Indian IT services firms to rethink how they execute projects for American clients.
While companies have already reduced their dependence on H-1B visas through local hiring and offshore delivery, the recent restrictions could accelerate the shift towards handling more technology work from India.
The US Department of Labor suspended new and pending PERM applications involving Microsoft, Adobe, Cognizant, Infosys, Tata Consultancy Services (TCS), Wipro, HCLTech and Capgemini on October 8. The move has added uncertainty to the employment-based green card process for Indian professionals working in the US.
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