New Delhi, Sept. 22 -- The new H-1B visa fee regulation in the United States, though prima facie looks negative, but it will have minimal near-term implications for Indian IT companies, while medium-term challenges could emerge in the form of higher costs and the need for greater localisation, noted a research report by Morgan Stanley.

"We see limited near term implications on business given it is only applicable on a prospective basis hence unlikely impacting near-term travel plans or ramps of existing projects due to staffing issues" noted the report

US President Donald Trump has signed a proclamation requiring a payment of USD 100,000 to supplement H-1B petitions for new applications, effective from September 21 for a 12-month period...