5 lakh Indian techies may have to return home for change in H-1B Visa rules
In a new development in US, Donald Trump administration may not be extending H-1B visa for those waiting for permanent residency (Green Card). If Green Card is not processed after 6 yrs, there would be no Visa extension.
India's fast – growing $2 trillion economy, may grow further to add another trillion dollar by 2019 means there are more opportunities for Indians. The Indian government, too, is aggressively courting non-resident Indians with programs such as Startup India, designed to ease bureaucratic restrictions and provide funding.
India may be looking at over five lakh of its skilled workforce returning home from the US if a proposal by the The department of homeland security is said to be considering new regulations that will prevent H-1B visa extensions as part of Trump’s “Buy American, Hire American” initiative by Trump administration. There is a clear trend of companies into the sector of pharmaceuticals, manufacturing, automobiles, healthcare and cyber security in shifting more and more research and development work to India in analytics, risk and technology area. Since, there is a growing demand for those who have already worked on new technologies and they are commanding a premium in the market.....Read More
