Advertisement

Help
You are here: Rediff Home » India » Business » Report
Search:  Rediff.com The Web
Advertisement
  Discuss this Article   |      Email this Article   |      Print this Article

Nasscom rejects charges of US visa misuse
 
 · My Portfolio  · Live market report  · MF Selector  · Broker tips
Get Business updates:What's this?
Advertisement
July 02, 2007 19:55 IST
IT software industry trade body Nasscom has rejected allegations made by US senators of abuse of visas by some Indian companies.

"We have not seen anything beyond allegations," Nasscom President Kiran Karnik said responding to questions at a news conference in Bangalore. "There is no real misuse."

Karnik maintained there was no scope for misuse by big IT companies as they were transparent in their functioning.

But he maintained there could be some small companies -- he stressed not Indian firms -- misusing them.

NASSCOM Chairman Lakshmi Narayanan said authorities in the US were only collecting data in this regard. He added there was no direct accusation or allegation of misuse against Indian IT companies.

Two US Senators Richard Durbin and Chuck Grassley last month claimed that top 20 H1-B users, which included Indian IT companies such as TCS [Get Quote], Satyam [Get Quote], Wipro [Get Quote] and Infosys [Get Quote], 'abused' L-Visa programme.

Karnik also said the export-driven IT industry was concerned over 'rapid appreciation' of the rupee against the US dollar. "The appreciation was too much, too fast," he said.


© Copyright 2007 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 Email this Article      Print this Article

© 2007 Rediff.com India Limited. All Rights Reserved. Disclaimer | Feedback