‘US visa fee hike to cost Indian cos $200mn extra’
New Delhi, August 10: Terming a US proposal to increase visa fees as discriminatory, Commerce and Industry Minister Anand Sharma today said the increase would cost Indian firms USD 200 million extra a year and make them less competitive.
“The Bill will have an (estimated) additional cost implication of over USD 200 million annually and an adverse impact on the competitiveness and commercial interests of Indian companies….,” Sharma said in a letter to US Trade Representative Ron Kirk.