New Delhi : The hike in visa fees by up to USD 4,500 will not have an impact on the growth of the Indian IT industry, Infosys founder N R Narayana Murthy said.
“I don’t think it is an issue at all, USD 2,000 or USD 4,000 that doesn’t matter. The important thing is that you have to provide excellent value to customers,” Murthy said after meeting telecom minister Ravi Shankar Prasad.
Murthy further said, “These are issues that need to be discussed and I have no doubt at all that value of Indian IT services industry is so high to the US corporations that some of these issues will not come in the way of the growth of the Indian IT industry.”
The US Congress has imposed a special fee of up to USD 4,500 on the H-1B and L-1 visas popular among Indian IT companies to fund a 9/11 healthcare act and biometric tracking system. Congressional leaders, while agreeing on the USD 1.1 trillion spending bill, decided to impose a special fee of USD 4,000 on certain categories of H-1B and USD 4,500 on L-1 visa. However, industry body Nasscom has warned that the hike in visa fee will have a negative impact on Indian software and services companies. -PTI