American companies are coming to India after increasing the H-1B visa fee by Donald Trump. According to reports reports, American companies are rapidly turning to India. The global capacity centers here are taking advantage of.
H-1B visa: US President Donald Trump had increased the H-1B visa fee earlier this month to US $ 1 lakh. Their purpose was to stop foreigners coming to work so that American companies provide employment to the people of America. This was likely to have the most impact on India, as 70 percent of the people with H-1B visas are Indians. Now such reports are coming from which it is being known that Trump has been in reverse. American companies are coming to India with work.
American companies are turning to India
Industry experts and economists say that after a huge increase in H-1B visa fee by Trump, American companies are rapidly turning to India for offshore operations and taking advantage of India’s global capacity centers (GCC).
According to Reuters report, India has more than half of the world’s GCCs. India is developing as a center for high value work such as AI and discovery of medicines.
Donald Trump made one million dollars H-1B visa fees
In fact, Donald Trump imposed a fee of $ 100,000 (about 88.6 lakh rupees) on new H-1B applications for skilled foreign workers earlier this month. This is about 70 times more than the previous fee. The earlier fee was between $ 1,500-4,000 (Rs 1.3–3.5 lakh).
The Trump administration had increased the H-1B visa fee, citing jobs to those coming from abroad and national security concerns. This caused a lot of trouble for American companies. The most impact was on companies in the field of technology.
There are 1700 GCC in India
According to Reuters report, India has 1,700 GCCs. This is more than half of the total number of GCCs around the world. These technical assistance has moved beyond the source of high value innovation in areas ranging from the design of luxury car dashboard to drug discovery.
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The Indian GCC, which provides global expertise and a mixture of strong local leadership, is emerging as a center for important work associated with business. Rohan Lobo, partner and head of GCC industry of Deloite India, said that India’s GCCs are ready to carry forward the strategic changes of American companies.
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