H1-B Visa hit is perhaps no more than 5%, but Indian IT companies must openly tackle the American policy impact: Samir Arora

Founder and fund manager Samir Arora of Helios Capital said that he does not see any material impact of the H1-B Visa Executive Order of US President Donald Trump on Indian IT companies, estimating the hit could be 5% or less. However, he advised domestic technology companies to clearly communicate how they respond to the observed threat, instead of cleaning it up by saying that the development does not matter.

“The impact is not great for most 5 pCt or less. But just as every company in the world announces how they will invest in the US in the US in the coming few years (it counts), Indian IT companies can say how new American policy will ensure that there is more,” Arora is instead of a tweet instead of a tweet. “Arorah.”

In a separate tweet, Arora called it foolish of the Indian companies to say that there is no impact of these new rules. “It is foolish of Indian companies to keep saying that there is no impact of these new rules- the only thing this is to make the American location and the public more upset that these rules are not enough and they are no more than next time. Good,” said the founder of Helios Capital.

Also read: Contra view: H1-B Visa Blow can be marge bean for IT companies. What is the next step for technical shares?

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