Indian IT companies have invested $1.1 billion in the US over five years to build the local science, technology, engineering and maths (STEM) talent base, Nasscom said. The efforts have reduced their dependence on H-1B visas and reached 2.9 million students and 255,000 employees, as the US proposes a higher H-1B fee.

Nasscom has urged the US to reconsider the proposed $103,265 H-1B fee in light of the programme’s role in addressing temporary skill shortages. It said Indian technology companies…

New curbs should prompt India to work on an alternative vision to harness homegrown talent