Washington: Corporate America has come down heavily against all those in US who of late have been alleging that Indian companies grab most of the H-1B work visas thus taking away most jobs from Americans. In a latest report on immigration, US Chamber of Commerce, which is world's largest chamber with more than three million members, asserted that such an allegation against Indian companies is "hyperbole".
President and CEO of the US Chamber of Commerce Thomas J. Donohue speaks to the press at a summit
"In FY 2009, Indian tech companies used 4,809 new H-1B visas, which equals to 0.003% of the US civilian labour force, less than 1/100th of 1%," it said, adding "Moreover, H-1B use by Indian companies has declined by 70% between 2006 and 2009." The new H-1Bs used by Indian companies represented only about 6% of total initial beneficiaries (new employment), according to US Citizenship and Immigration Services, the report said.