#ANINews “It’s U.S. loss…” PM Modi’s aide makes huge statement on impact of H-1B visa on India

“It’s U.S. loss…” PM Modi’s aide makes huge statement on impact of H-1B visa on India
Reacting to US President Trump signing an Executive Order to raise the fee that companies pay to sponsor H-1B applicants to $100,000, S Mahendra Dev, member of the Economic Advisory Council to the Prime Minister, said, “In India, a lot of things are happening. So we will have more startups, more companies in cities like Bangalore, Hyderabad and Gurgaon, all will benefit because of these startups and other things… I think it’s a gain for us. And India is planning to have Viksit Bharat. So it will add to the Viksit Bharat, I think, if they stay back. Also, some other countries can diversify to go to the other countries… US-India tariff thing, we are doing a fourfold thing. One is helping the industry, like textiles and others, you know, with loans and lower interest rates and all. The second one is that we are diversifying into other countries. Third is FTA; we are speeding up. Fourth, we are continuing the negotiations. Hopefully, within the next one or two months, we’ll have something. The Commerce Ministry is doing the negotiation… In the UK, I think we have a very good FTA because both countries have reduced the tariffs. And Europe also, negotiations are going on. And with some other countries, the UAE and other countries, we are also going to do. So with this, we are also speeding up things to have more FTAs… For those concerned, it may have an impact on them. But overall, I feel that India may benefit if they stay back in India and get good jobs and other things. India is also progressing very well. And then, of course, they will also diversify to other countries.”

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