News: According to The Economic Times, tech firms were hit by lack of B1/B2 visas to US. The report says that as on Monday, the earliest appointment for a short-term visa was available after more than 700 days (about two years) in Mumbai and Delhi.
View: Tech companies have their local offices and team in the US to cater to the market. B1, B2 visa does not permit work but is required for short-term business/personal travel to work. Hence, the issue of increase in subcontractor’s cost because of travel restrictions is ruled out. It may impact some specific work, which may be required short-term travelling to the US but that impact would be minimal, in our view.
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