New Delhi, Sept. 24 -- Business magnates like Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman and Netflix Chairman Reed Hastings have praised the proclamation signed by the US President of USD 100,000 H-1B visa fees.
But Cathie Wood, CEO of investment management firm Ark Invest, sees this H-1B visa fee hike as a part of America's negotiation strategy with India as Trump's administration has already imposed a steep 50 percent tariff on Indian goods in August.
Indian IT industry body National Association of Software and Service Companies (Nasscom) said adjustments like H-1B visa fee hike can have ripple efect on America's Innovation System and wider job economy and anticipated a marginal impact for IT sector.
Last week, Trump signed a procl...