Millennium Post

2nd largest software services exporter’s visa costs up 52%

Stricter norms and higher rejection rate of work permits have pushed up the visa-related cost of country’s second largest software services company, Infosys, by more than 50 per cent to Rs 308 crore in 2012-13 fiscal.

According to Infosys’ Annual Report 2012-13, the company’s overseas travel expenses included visa charges of Rs 308 crore for year 2012-13.

Compared to visa charges of Rs 202 crore in 2011-12, the cost of work permits for the company has gone up by 52.4 per cent, the report said.

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