Clarity on H-1B Visa after Feb 9: Nirmala
New Delhi: Government will get more clarity on the impact of US President Donald Trump’s new H-1B visa policy after meeting IT industry body Nasscom and USbased companies after February 9, commerce minister Nirmala Sitharaman said on Monday. She said though there will be an impact of Trump’s visa policies on India, the government will not rush to give its view.
A legislation has been introduced in US House of Representatives that calls for more than doub- ling the minimum salary of H-1B visa holders to $130,000, making it difficult for firms to use the programme to replace American employees with foreign workers.
Speaking on the budget, the minister said the government would let regulators and ministries concerned decide upon FDI proposals that fall under the approval route after the phasing out Foreign Investment Promotion Board (FIPB). She said FIPB was an added layer in the process of clearing FDI proposals and its remo- val will add to the ease of doing business. She however did not comment on areas the government is considering liberalising under current FDI regime.
Besides, the government is yet to take a call on Apple’s demands for setting up a plant in India. “We are supporting high value manufacturing in India…government does not take a decision for one company but the whole sector,” Ramesh Abhishek, secretary, Department of Industrial Policy and Promotion, said. —Our Bureau