New Delhi, Sep 22
The Indian IT and tech industry is spending more than $1 billion on local upskilling and hiring in the US, and the number of local hires has increased tremendously, the industry’s apex body Nasscom said on Monday.
Over the years, Indian and India-centric companies operating in the US have significantly reduced their dependencies on H-1B visas and steadily increased their local hiring.
“Moreover, with the fee being applicable from 2026 onward, gives companies time to further step up skilling programmes in the US and enhance local hiring,” according to Nasscom.
As per available data, H-1B issued to the leading India and India centric companies has decreased from 14,792 in 2015 to 10,162 in 2024.