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http://money.cnn.com/2017/01/31/technology/india-h1b-visa-trump-tech-companies/
Amid the hue and cry over President Trump's travel ban, news of another potential change to American immigration rules has set off a panic attack in India's tech industry.
Major Indian tech shares took a nosedive on Tuesday on reports that Trump is planning to make changes to the H-1B visa program that allows skilled foreigners to work in the U.S.
he U.S. is worth about $65 billion to India's tech industry. Indian media warned of a major setback ahead.
"[It] is a fact that these categories of workers are in short supply in the U.S.," said R Chandrashekhar, president of Nasscom, which represents India's software industry. Restricting H-1B visas would "have implications for both Indian companies and American corporations as well," he told CNNMoney.
Told you this would happen. The tech industry is the only relevant industry in the US, and Trump is trying to destroy it.
Amid the hue and cry over President Trump's travel ban, news of another potential change to American immigration rules has set off a panic attack in India's tech industry.
Major Indian tech shares took a nosedive on Tuesday on reports that Trump is planning to make changes to the H-1B visa program that allows skilled foreigners to work in the U.S.
he U.S. is worth about $65 billion to India's tech industry. Indian media warned of a major setback ahead.
"[It] is a fact that these categories of workers are in short supply in the U.S.," said R Chandrashekhar, president of Nasscom, which represents India's software industry. Restricting H-1B visas would "have implications for both Indian companies and American corporations as well," he told CNNMoney.
Told you this would happen. The tech industry is the only relevant industry in the US, and Trump is trying to destroy it.
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