New H1-B bill wants Indian IT cos to hire more in US

The US has introduced a new H1-B visa legislation, which may, if voted into law, affect Indian IT companies adversely. According to the new bill, only those companies that employ a majority of American workers will be eligible for H1-B visas.

The legislation, if passed, would mean Indian IT companies in the US will need to hire locally for their work. The IT companies will also need to re-jig their onsite-offshore employee ratio, something that they say is a difficult job and may take about three to four quarters to do CNBC-TV18 was the first to report the development on February 9 where it said a team of NASSCOM officials was on its way to the US to talk with Senators Durbin and Grassley — the brains behind the legislation — to ensure that such a piece of legislation did not get pushed through.