US Visa and Immigtrations Policies should be Realxed.

Apr 18
20:45

2010

Pankaj S Sharma

Pankaj S Sharma

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There is an immense need of relaxation in US Visa and immigration policies. Due to non supportive policies US economy is loosing potential investors.

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''We should make the free flow of capital,US Visa and Immigtrations Policies should be Realxed. Articles people, ideas and products between India and the United States a model for the rest of the world,'' Mr Thomas J Donohue, US Chamber of Commerce President and CEO,said in an address to the Indian business community.

The event was organized by Confederation of Indian Industry (CII) and in the Chair was Civil Aviation Minister Praful Patel.

Mr. Donohue goes on ,''There has never been a better time and opportunity. ''We have fallen short in the effort to modernize our immigration and visa policies, and some legislators are proposing even more restrictions on visas.”

He then talked about the nuclear liability bill that was withdrawn by the UPA government, ''legislation is badly needed here that is fair, reasonable and which lives up to past commitments. This is not only important to foreign investors, it is critical to any Indian company that hopes to be part of a major expansion of clean, safe nuclear energy''.

He insisted that the United States government must desist from pursuing some ''wrongheaded ideas'' like protectionism and imposing further restrictions on issuing US Visa adding that the cobwebs need to be cleared relating to the Indo-US civil nuclear deal so that commercial business can start.

It is incumbent on the United States government to streamline export control rules dating from the Cold War that inhibits transfer of technology.

Likely the Indian government must lift FDI caps in defense, insurance and other key sectors. Must  remove the ten per cent voting rights cap for investment in banks, consummate a Bilateral Investment Treaty and modernize regulations in mining and other realms of energy, including power, reduce tariffs and taxes ranging from medical technology , internet services, transportation equipment to aviation technology.

''We have viable, clean alternatives available already. We don't need to invent nuclear energy in the United States. We already have it and need more of it. So does India. So let's get busy making the most out our civilian nuclear agreement. This was the historic achievement,'' Mr. Donohue said.

He called for India adopting a modern Postal Law that attracts more investment from the world class express delivering and logistics companies.