BENGALURU: India’s concerns over H1B visa related developments have been conveyed at the “highest quarters” in the US, Union IT Minister Ravishankar Prasad said today.
The IT ecosystem is based upon “reciprocity” approach, and India neither creates boundaries nor appreciates boundaries, the minister said.
Finance Minister Arun Jaitley in Washington had met the Commerce Secretary of the US and conveyed the concerns.
“We are proud of the contribution of Indian IT companies in America and around the world. They have paid USD 22 billion as tax revenue in the last five years, they have created 400,000 jobs there, they have given value and competitive edge to nearly two-thirds of the fortune 500 companies,” Prasad said.
He said the IT ecosystem is based up on reciprocity. “Indian human resource contributes to USA’s economy and many US companies also benefit here in Bengaluru and other parts of India who have Indian minds in creating their research products more competitively.” (AGENCIES)
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