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Indian-origin tech firms corner 1/5th of H1B visas issued by US

by Euro Times
January 5, 2025
in Business
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Indian-origin tech corporations cornered a fifth of all H1B visas issued by the US with Infosys and Tata Consultancy Providers main the pack, an evaluation of knowledge from the US immigration division confirmed.

In line with information from the US Citizenship and Immigration Providers, in April-September 2024 interval, out of the whole 1.3 lakh H1B visas issued to totally different employers, about 24,766 visas have been issued to Indian-origin corporations.

Out of those, Infosys took the lead with 8,140 beneficiaries, adopted by TCS (5,274), and HCL America (2,953).

Infosys got here second to solely Amazon Com Providers LLC, which topped with 9,265 visas.

Cognizant, which was based in Chennai however now has headquarters in New Jersey, ranked third within the record with 6,321 visas.

  • Learn additionally: Count on automotive leasing in India to account for as much as 8% of whole gross sales in 5-8 yrs: ORIX

The H1B visa programme permits US corporations to quickly make use of international staff in specialty occupations. Indian corporations have been vital beneficiaries of this programme, notably within the expertise sector.

Main Indian IT companies companies equivalent to Tata Consultancy Providers (TCS), Infosys, Wipro, and HCL Applied sciences have persistently ranked among the many high employers for H1B visa holders. Wipro was decrease down this time with 1,634 visa grants. Tech Mahindra stood shut by, having been issued 1,199 visas.

Whereas these corporations proceed to profit from the programme, ongoing developments point out a necessity for adaptation in response to regulatory adjustments and public sentiment. The way forward for the H1B visa will doubtless rely on balancing the wants of the US companies for expert labour with broader immigration coverage reforms.

Elon Musk, a former H-1B visa holder whose firm Tesla utilises this programme, has publicly supported the tech business’s reliance on international staff.

  • Learn additionally:Mcap of 4 of top-10 most valued companies erode by ₹96,605.66 cr; HDFC Financial institution hit laborious

In a put up on X on December 28, Musk emphasised the significance of welcoming people from all backgrounds who contribute to the US via laborious work. He passionately advocated for preserving America as a land of freedom and alternative.

Musk’s assertion additionally obtained backing from President-elect Donald Trump whose first administration restricted the programme in 2020, arguing that it permits companies to interchange Individuals with lower-paid international staff.

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Tags: 15thCornerFirmsH1BIndianoriginissuedtechvisas
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