While signing the order, Donald Trump
said, "Today I am signing an executive order to ensure that the federal government lives by a very simple rule. Hire American," the US President told reporters in the Oval Office of the White House before signing the order against hiring H1B visa
holders for federal contracts. CLICK TO READ FULL REPORT
"As we speak, we're finalising the H-1B regulation so that no American workers be replaced ever again. H-1B should be used for top highly paid talent to create American jobs, not as inexpensive labour programmes and destroy American job," said the president.
Over a month ago when the Trump administration on June 23 suspended the H-1B visas along with other types of foreign work visas until the end of 2020, analysts at Prabhudas Lilladher had said that "the move will neither affect visa holders currently in the US nor does it affect renewal or change of status of existing visa holders inside the US."
They had also noted that the Tier 1 Indian IT companies have reduced dependence on H-1B visas to fulfill onsite demand in the last two-three years, due to a sharp decline in visa approval rates especially for new visa applications. "We believe Tier 1 IT companies are in a good position to manage supply constraints. Our pecking order of impact (from low to high) is: HCL Tech, Infosys, Wipro, TCS, Tech Mahindra," the brokerage had said in a report issued on June 24.