WASHINGTON: Arguing that limiting the number of H-1B visas would have an impact on global competitiveness of American firms, an influential Indo-U.S. business advocacy group has called for expanding the number of the work visas granted to foreign technology professionals every year.
"One of the areas where the U.S. has to look at is H-1B. How do you expand that? By limiting the numbers (of H-1B visas), it does have an impact on the U.S. companies. By making it expensive, it does have an impact on the U.S. companies. By making it expensive, it does have an impact on U.S. companies," Mukesh Aghi, president of the U.S. India Business Council (USIBC) told PTI.
Under Congressional-mandated existing laws, the United States every year grants 60,000 H-1B visas and another 20,000 to those foreign professionals who get higher degrees from a U.S. university. This year the U.S. Citizenship and Immigration Services (USCIS) received thousands of more applications than the number of H-1B visas it can grant, forcing it to decide on the successful applicants through a computerised draw of lots.
Documented research and statistics have proven time and again that H-1B is one of the major drivers of U.S. economy, in particular in the field of innovation and entrepreneurship. While H-1B is not a major issue this presidential election cycle, but New York-based Real Estate tycoon Donald Trump, who is leading Republican presidential polls, came out with recommendation to increase the salary for H-1B visas, which along with his other proposals would make it tough for U.S. companies to hire foreign workers on H-1B visas.
Indian technology professionals are one of the major beneficiaries of H-1B visas. For quite some time leading U.S. technology companies including Microsoft, Facebook and Google have been calling to do away with the limit on H-1B visas.
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