Indian companies may be affected with Visa fee increase

Indian companies may be affected with Visa fee increaseThe United States has conceded that the steep hike in H-1B and L1 visa fee would be having adverse impact on companies of India as well as those from the United States. Confidence was, however, exuded that long-term economic partnership of the US with India will continue to deepen and strengthen.

Alex Nowrasteh, a policy analyst at Washington-based Competitive Enterprise Institute, said in The Boston Globe, said that visas should be deregulated by the Congress and users should not be burdened with more regulations and fees.

From in.news.yahoo.com:

We realise it could impact Indian companies that invest in the United States and we also understand the potential impact on Indians who work in the United States as well as some American businesses,” State Department Deputy Spokesman Mark Toner said But, he said, the US was confident that its long-term economic partnership with India would continue to deepen and provide benefits for both societies. When asked that New Delhi was planning to take the US to the World Trade Organisation on the issue of steep increase in visa fee of certain H-1B and L1 categories, he said, “it is within India”s purview to do that (take the issue to WTO).

” “I think we remain cognisant of the effect that this legislation may have on India, and we”re going to try to work with them to mitigate it. But beyond that, I don”t have a reaction.

I mean, we have got a robust economic partnership with India,” Toner said. The steep increase in visa fee of certain categories of H-1B and L1 visas was part of the USD 600 million border security bill signed by the US President Barack Obama, last week, to strengthen security along the US-Mexico border.

Nowrasteh also remarked that protectionist aspects of the legislation were concerning.

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