H1-B visa hit may not be more than 5% but Indian IT firms must address US policy impact openly: Samir Arora – News Air Insight

Helios Capital founder and fund manager Samir Arora said he does not see any material impact of US President Donald Trump’s H1-B visa executive order on Indian IT companies, estimating the hit could be 5% or less. However, he advised domestic tech firms to clearly communicate how they are responding to the perceived threat, instead of brushing it off by saying the development does not matter.

“The impact is not big- may be 5 pct or less for most. But just like every company in the world is announcing how they will invest 100s of billion in US over next few yrs ( who is counting), Indian IT companies can say how new US policies will ensure that there is more and more hiring of US citizens and green card holders and how they are reacting to new policies instead of brushing them off that it does not matter,” Arora said in a tweet on Monday.

In a separate tweet, Arora called it foolish on the part of Indian companies to say that there is no impact of these new rules.”It is foolish of Indian companies to keep saying that there is no impact of these new rules- all this does is to make the US establishment and public more upset that these rules were not enough and they will come back harder next time. Read the mood of the US. This also means these companies don’t need any support from the Indian govt or the public since there is no impact on them. Ok then- good,” the Helios Capital founder said.

Also Read: Contra view: H1-B visa blow can be margin boon for IT companies. What’s next for tech stocks?

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)