As the debate over the $100,000 fee for the H-1B visa since September 21, 2025, is still going on, a CEO of an India-based immigration agency has recently commented that the visa fee is definitely America's loss. For a CBS News program on India's IT sector and H-1B, Xavier Fernandes, the founder of immigration agency Y-Axis, said many tech CEOs are from India's Hyderabad and the city is a breeding ground of tech. This type of tech talent can't be manufactured in the US, he said.
"Indians are the new oil, coal, or gas, it's brain power to run the modern day industries," Fernandes said. "That kind of talent you can't manufacture. It's not a thing that you can get it locally."
