US Work VISA Fees Shoots Up, Indian Companies Like Infosys, TCS Will Feel The Pinch

OfficeChai Team

Every year thousands of Indians move to the USA for greener pastures. Amongst the topmost of all the US immigrants from India are engineers and software developers from TCS and Infosys, two of the biggest IT services providers. The numbers are so huge, that almost 50-70% of the work permits by the US embassy are given out to Indians. However, in a major revision this year, the embassy has doubled the fees of the H1B (work permit) and L1 (resident) from $2000 to $4000. Infosys and TCS will hit feel the pinch.

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116 Samsung India Employees Earn More Than A Crore A Year; But 70% Of Them Are Korean

Bart Eshwar

South Korean electronics giant Samsung has had a presence in India for two decades now. Having entered the country in December 2015, it now occupies thousands of feet of office space, employs thousands of people across diverse fields such as R&D and sales, and has a large imprint on India’s technical industry. It’s a good paymaster as well – a full 116 Samsung India employees drew salaries of over Rs. 1 crore per year. But there was a problem. 70% of these people were of Korean origin.