The Indian IT companies are counting on H1B visa, in much case it is an alternative for L1 visa but it too comes with bunch of problems, like annual cap and start date in U.S. that is on October 1. And H1B is very expensive, includes multiple levels of U.S government scrutiny and compliance requirements.

Moreover, many startups in New York’s “Silicon Alley” say they can’t hire enough qualified engineers because of a shortage of temporary work visas and green cards. And many U.S. companies were pushing for legislation to allow more immigrants with Engineering, Science and Math qualification, who will fill up the requirement of highly-skilled labors. The issue did not get priority in Obama’s first term, but in the campaign trail, Obama hinted that it would be a priority in his next term.

“Our immigration system is fundamentally at odds with the needs of American startups,” Bannon, founder of the New York-based social fundraising platform Amicus, said “I think Obama gets it. You hear him talk about entrepreneurs more and more.”