The US State of California is keen on partnering with Indian companies in education, agriculture and technology sectors.
Addressing students and business leaders in a town hall meeting at Dayananda Sagar Institutions, Ami Bera, Congressman from the 7th District of California, urged States to deepen tie-ups to drive growth for all the stakeholders.
Bera, a doctor by profession and the only Indian American in the US House of Representatives, said that encouraging innovation and cross country collaboration is the need of the hour as a lot of ground-up innovation can come from emerging economies such as India at a time when the US-India economic relationship has recently entered choppy waters.
Visa restrictions
The Indian software export industry is concerned about some aspects of the Immigration Bill. A clause in this Bill, if passed, will restrict the placement of H1-B visa holders of IT companies at client locations in the US. Further, it will result in significantly higher filing fees on H1-B dependent employers based on the percentage of non-immigrants employed in the company, which adds to a company costs.
Already, companies pay $2,500 for H1-B visa processing and another $1,225 for premium processing to get their employees to work in the US client locations.
Talking to Business Line, Bera maintained that it was a work in progress and there would be no discrimination against the brightest minds who want to work in the US.
The son of an immigrant, Bera’s call comes at a critical juncture as Indian Americans, estimated at 3 million, forms a mere 1 per cent of the population but contributes 8 per cent of tech startups in the Silicon Valley.
Other sectors hold promise too. In 2009 alone, California’s farm exports to Asia were estimated at $3 billion and $275 million went to India. However, for this to grow, Bera quoting US Vice-President Joe Biden, said that protection of intellectual property, inconsistent tax policies, limits on foreign direct investment and barriers to market access are “tough problems” between the two countries.
venkatesh.ganesh@thehindu.co.in
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.