India's Infosys does not expect material impact from US PERM suspension

According to Business Recorder, Infosys told the exchange on Saturday that it expects no significant effect from a US suspension of its participation in the PERM green card scheme. The Indian company, described as the second-largest IT firm in the country, was among several major global technology and IT firms that Washington moved to suspend on Thursday. The programme lets skilled foreign workers gain permanent residency in the United States through their employment.

Infosys said in its exchange filing that it welcomed the chance to cooperate with the US Department of Labor and related agencies, including by replying to any queries they raise. The filing did not quantify the exposure, so the scale of the suspension is not stated in the report.