01-01-1970 12:00 AM | Source: Accord Fintech
In-country renewal of H-1B visas by US to help promote services exports: SEPC Chairman
News By Tags | #248 #607 #610 #409 #1129

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Services Export Promotion Council (SEPC) Chairman Sunil H Talati has said that the US announcement to introduce in-country renewable of H-1B visas will help swift movement of Indian IT professionals and promote services exports. He said the decision would allow easier on-site client engagement by domestic IT professionals. He also said when Indian IT professionals can quickly travel to client locations abroad, they can better understand client requirements, build stronger relationships, and deliver tailored solutions. He added that this direct engagement can lead to increased client satisfaction, repeat business, and ultimately, higher IT exports.

SEPC Chairman further said that as the US is the major market for India's IT exports, this development will have a significant positive impact on the export of IT services from India. The earlier estimates for IT exports growth have been in the range of 8-12 per cent however with this particular push the exports growth in IT can further stride in the range of 13-15 per cent.

Talati stated that the US Department of State announced that it would launch a pilot to adjudicate domestic renewals of certain petition-based temporary work visas later this year, including for Indian nationals, with the intent to implement this for an expanded pool of H1B and L visa holders in 2024 and eventually broadening the programme to include other eligible categories. He said it shall help in delivering projects on time, ensuring high-quality outcomes, and meeting client expectations. It enhances India's reputation as a reliable IT services provider, boosting export opportunities.