Few H-1B workers transition to green cards via PERM: Nasscom

Nasscom said Indian IT firms have limited reliance on the PERM process for moving H-1B employees to permanent residency, after the US stopped accepting new PERM applications from TCS, Infosys, Wipro and HCLTech. TCS reported single-digit PERM filings over two years and plans to hire 15,000 people in the US over five years.

• US halts new PERM applications from TCS, Infosys, Wipro and HCLTech
• TCS: single-digit PERM filings in two years, plans 15,000 US hires
• Estimate: 10–30 basis points of margin pressure over 12 months
• India's $300B+ IT sector draws about 60% of revenue from the US