Uncle Sam turns the screws on Indian IT

Almost two years ago, in an interview with Business Standard, the then CEO & MD of Infosys, Kris Gopalakrishnan, who is currently the co-chairman of the Bangalore-based company, had said that the company was contemplating engaging in ‘extreme offshoring' — in essence, conducting 95 per cent of Infosys’ overall projects outside the US, to reduce dependency on H-1B (non-immigrant work visa) and L1 (intra-company transfers of employees to the US from other locations) visas.

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