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The article reports on a significant statement made by Piyush Goyal, India's Union Minister of Commerce and Industry, regarding the H1B visa issue. He asserted that the issue is now “a thing of the past” and will no longer be a point of discussion in international dialogues. This declaration signifies a shift in focus towards fostering stronger economic and strategic partnerships between India and the United States. The announcement came after Goyal's recent visit to the US, where he engaged with prominent CEOs to discuss India's reforms aimed at attracting foreign investments, particularly in sectors like pharmaceuticals and diamonds.
The H1B visa program, which enables US companies to temporarily hire skilled foreign workers, has been a contentious point between India and the US for several years. The program, which primarily benefits Indian nationals, has seen changes in recent years, including increased fees and stricter regulations. The article also highlights the rising popularity of the EB5 Visa program, an investment-based route to US permanent residency, among Indian investors seeking alternatives to student visas and H1B visas. This shift towards investment-based immigration suggests a growing preference for a more secure and less bureaucratic path to residency.
The article further delves into the evolving landscape of H1B visas, highlighting initiatives like the ‘Keep STEM Graduates in America Act’ introduced by Congressman Thanedar. This act aims to streamline the visa process for STEM graduates in the US, encouraging them to stay in the country after completing their studies. The article concludes with a reminder that the US has introduced new H1B visa rules and hiked fees, demonstrating the ongoing adjustments to the visa program. This dynamic scenario underscores the complexity of the issue and the need for a nuanced understanding of the changing landscape of immigration policies and their impact on both the US and countries like India.
Source: H-1B visa issue is now ‘a thing of the past’, says Piyush Goyal