Firms will increase offshoring: Pai on Trump raising H-1B visa fee
After US President Donald Trump signed order requiring firms to pay $100,000 annual fee to obtain H-1B worker visas, ex-Infosys CFO Mohandas Pai said, "Now what will happen is...[companies]...will work to increase offshoring...over...next maybe six months to one year." "People pay over $100,000 as salaries; they’re not cheap...So all...idea of sending cheap...people doesn’t hold water," he added.