The US considering to tweak H-1B visa laws is worrisome but the changes will not affect IT companies significantly, said TV Mohandas Pai, Chairman of Manipal Global Education.
The US is looking at tweaking the definition of ‘speciality occupation’, making it more difficult for Indian companies to send workers overseas on these visas.
“That is why we are seeing big companies saying they are going to hire people locally. I think most of the big companies have adjusted to it, they have filed lesser visas this year than the previous year. They are using more of intercompany transfers. They have seen it coming for some time,” said Pai in an interview with CNBC-TV18.
“I think it is a worrisome thing but the companies have gotten over it and I don’t think it is going to hurt them,” he added.
“The quality of the local US talent is poor compared to India. The top 20-25 percent of the computer science graduates go to the big network companies like Google and others in Silicon Valley, they don’t come to service companies. Service companies in the US is a non-preferred employment... what will happen now is that more and more complex work will go offshore to India," Pai further mentioned.