Completely circumventing the apprehensions of India, the Obama-led US administration has reportedly extended its full support to the all-inclusive immigration improvement statute given green signal by the US Senate recently, claiming that the same would prove quite advantageous for the aliens from certain specific nations, such as India & China.
Washington DC made its stand clear on the controversial H-1B provisions of the Senate edition of the immigration ordinance in a fact sheet made for the concerned body, which comprises the powerful Indian-American society. In this connection–and minus giving any importance to the concerns of India besides the Indian firms–the White House reportedly claimed that the Senate measure would generate fresh permit corridors for the alien-entrepreneurs & investors even as it will also make major changes to the H-1B scheme.
The current Indian premier had brought focus on the subject when a few months back he engaged the US president at the White House. China, India, besides South Korea finds a place in the list of the leading 10 contributors of the alien-entrepreneurs to the US. While mentioning the advantages of the bill, the White House claimed that the Senate statute would fashion a fresh visa system for overseas entrepreneurs to launch & develop their companies across the US.
It added that the latest INVEST permit would enable the entrepreneurs–who draw a threshold level of financing from US investors or revenue from the US clients–to launch and expand their ventures, and to remain on a permanent basis, in case their firms grow even more, and generate work-opportunities for the national manpower.
The US also maintained that the ordinance would also make the EB-5 Immigrant Investor Scheme better, and swell the figure of the to-be-had Green Cards for alien-investors from just about 10,000 per year to around 14,000 per year. Claiming that candidates from India (64%) & China (7.6%) remain the biggest consumers of the H-1B plan, the White House also claimed that the statute would boost the figure of the existing H-1B permits, via increasing the baseline upper limit, and make it 115,000 from the present 65,000 permits per annum.
The US further said that amendments to the H-1B scheme would permit partners of the H-1B permit holders to do a job in the US, and augment employee mobility, via instituting a 60-day transition time-frame for the H-1B labor force to switch jobs. It continued that the bill would swell the volume of the employment based permits & abolish constraints on the figure of guests from the densely inhabited countries, such as India & China.