Washington, April 21: Finance Minister Arun Jaitley raised the issue of tightening H1B visa or work visa with the US Commerce Secretary Wilbur Ross. Notably, just two days before US President Donald Trump signed a new executive order seeking review of the present H-1B Visa system.
During the meeting with Wilbur Ross, Jaitley said about the contribution of highly skilled Indians in the economic development of the United States and India and stressed that they should continue to do so, which is in the best interest of two countries.
Minister Jaitley further stated the significant contributions the skilled Indian professionals have made to the US economy and expressed the hope that the US administration will take this aspect into consideration while taking any decision.
Replying to Minister Jaitley, Wilbur Ross said, US has only started the process of reviewing H1B visas issues and no decision has been taken on it yet. However, he said whatever the outcome of the review process, the administration's objective is to have a merit-based immigration policy that gives preference to highly skilled professionals.
Notably, President Trump earlier this week on Tuesday ordered a review of the US visa programme for bringing high-skilled foreign workers into the country. Importantly, if the policies of H1B visa will be tightened then it will affect Indian IT firms like Tata Consultancy Services (TCS), Infosys and the US-based Cognizant etc.
The executive order signed by Trump early this week calls for a review of H-1B visas by the departments of State, Labour, Homeland Security and Justice. Jaitley is leading an Indian delegation, to attend the annual Spring meeting of the International Monetary Fund and the World Bank.
Interestingly, Finance Minister Arun Jaitley is leading an Indian delegation, to attend the annual Spring meeting of the International Monetary Fund and the World Bank. On his five-day visit, Jaitley will also meet Institutional Investors and others.
As soon as Trump ordered to review the H1B visa India’s Commerce Minister Nirmala Sitharaman on Thursday reminded Donald Trump that not just Indian companies in the US, several big US companies are in India too.