Amid the concerns raised by India Inc on the H-1B United State visa row, the Commerce and Industry minister Nirmala Sitharaman on Monday said that the ministry will soon conduct a meeting with the concerned industries including Nasscom to discuss the issue further. Sitharaman, while addressing a press conference today also said “India is closely monitoring the developments on the entire visa row and along with the External Affairs Ministry, we are in constant touch with the embassy in the US.”
Further speaking to the media during the press conference, Sitharaman said, “There are several nuances to that…So I would not rush to give a view on it, yes there is going to be an impact…We will be holding a meeting with Nasscom, industries which have significant presence in the US, talking to them about how they are working out in this environment, what are there strategies.” She also informed that the meeting would be convened soon after the parliament go for recess.
“We are going to have a clear exchange and discussions with them and after that, I will be able to have a clearer picture of where the industry is,” she added. Industry body Nasscom has lately said that it will fly to the Washington DC with a delegation of senior executives to reach out to the new US administration as well as senators to clarify the issues related to the clampdown on visas and flow of skilled manpower between India and the US.’
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The main focus of the delegation will be to highlight and share information with the new US administration on direct jobs being created by Indian IT companies in the US, the contribution of Indian IT firms in making the US economy more competitive. The proposed overhaul of popular H-1B visa regime by American President Donald Trump has irked various speculations among the Indian IT firms, as any changes in the visa regime may result in higher operational costs and a shortage of skilled workers.