PM Modi shared with U.S. President, the concerns of Indian IT industry on the proposed legislation in the U.S. Congress relating to popular H1B and L1 visas.
- Indian IT companies in the U.S. may end up paying a special $2,000 fee again on the popular H1B and L1 visas to fund a 9/11 health care act.
- According to the NASSCOM, Indian companies had paid between USD 70 to 80 million per annum between 2010 and 2015.
- The extra fee applies to companies with at least 50 per cent of their employees on H-1B visa or L-1 visas, and is in addition to the other fees paid by employers.
- Because of its 50 per cent threshold, it mostly hits the large Indian IT services firms, the leading users of the H-1B visa.