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Sharp drop in H-1B visas being used by Indian cos

Sharp drop in H-1B visas being used by Indian cos
PTI
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First Published: Tue, Dec 15 2009. 04 46 PM IST
Updated: Tue, Dec 15 2009. 04 46 PM IST
Washington: Reflecting the changed ground realties in the US in the wake of economic crisis, there has been a sharp drop in H-1B work visas being applied for and obtained by major IT companies from India.
For instance the Infosys, which got as many as 4,559 H-1B visas in the fiscal 2008 and was on top of the list of firms bagging the coveted scheme for professionals, received just 440 H-1B visas in the fiscal 2009 (from 1 October 2008 to 30 September 2009), according to the latest figures released by the US Citizens and Immigration Services (USCIS).
Similarly, Wipro, which in 2008 got 2,678 H-1B visas, received just 1,964 in 2009; but still topped the list in the fiscal 2009.
In 2008, four out of the top five spots for companies bagging the maximum number of H-1B visas were grabbed by Indian companies. These were Infosys (4,559), Wipro (2678), Satyam (1917) and Tata Consultancy Services (1539). Microsoft with 1037 H-1B visas was the only US company to figure in top five.
However, the situation has changed dramatically in the year 2009 amid the global financial meltdown.
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First Published: Tue, Dec 15 2009. 04 46 PM IST
More Topics: US | H-1B visa | Infosys | Wipro | TCS |