Infosys In Talks With Clients On US Immigration Bill


Bangalore: Infosys said it is in discussion with clients for a contingency plan to ensure business continuity in the event of the US immigration reforms bill becoming a law.

A major part of revenue for India's second largest IT services exporter comes from the US and North America.

The Bill which was recently passed by the US Senate, and is before the House of Representatives, proposes several changes including higher visa costs and increase in wages for H-1B visa holders.

If approved by the House of Representatives, the Bill will be sent to President Barack Obama for signing it into law.

The proposed legislation will hurt the over USD 100 billion IT-ITES industry in India and domestic software firms like TCSBSE 1.58 % and Infosys as their cost of operations could go up significantly.

"It (immigration bill) is a matter of concern for the industry. It could have an impact on operations of IT firms. But it is not concluded yet. We are watching carefully," Infosys Managing Director S D Shibulal said.

Among other provisions, the bill proposes to increase the H-1B visa fees to about USD 5,000 per application.

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Source: PTI