Infosys Raises Forewarning On Visa Restrictions

In an annual filing with the US Securities Exchange Commission, IT giant Infosys expressed its concern over increasing wage costs of the company in the US and other developed markets as the company raised its local hiring.

The company stated in its filing that imposition of restrictions on the use of certain visas will “restrict offshore outsourcing or impose new standards”, thus disrupting the business. 

Restriction on H1B visa, the imposition of taxes on companies that operate offshore, hike in minimum wages and a costlier visa fee is expected to impact the IT industries significantly.  

Post Trump administration’s imposition of restriction on visas, Europe and Australia are following suit with Europe imposing new regulations that discourage companies from outsourcing work, while the Australian government has also proposed a replacement of 457 visa programme with more restrictive visa norms.  

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