External Affairs Minister Sushma Swaraj said in the Rajya Sabha that the Indian government is talking to the Trump administration as well as the US Congressmen, giving proper data and reasoning to press home the point that the relationship between Indian IT companies with the US is mutually-beneficial.
"I do agree that there is an atmosphere of uncertainty and there is a fear of job losses," she said while responding to concerns expressed by the members over the move by the Trump government to curb H1B visas that will adversely impact Indian IT professionals.
She went on to add, "there have been no job losses yet and no policy has yet come in US. A total of 13 bills have come up in Congress that includes 6 bills on outsourcing, four bills on visa and three bills on immigration."
She said the Foreign Secretary accompanied by Commerce Secretary paid a visit to the US from February 28 to March 3 and held meetings with Cabinet Ministers and senior functionaries of the new US Administration as well as with the Congressional leadership.
The Minister said MPs should get satisfaction that the government is not just talking but giving proper data and reasoning to press home the idea that the relationship between Indian IT companies with the US is mutually-beneficial.
Swaraj said Indian companies have made investments to the tune of USD 2 billion in US from 2011-2015 and have paid taxes worth USD 20 billion, while Indian IT professionals have contributed USD 7 billion as social security money.
She said Indian IT companies has given direct employment to 1,56,000 Americans and 4,11 lakh supporting jobs and the US recognises their contribution to Us economy.
Swaraj said the discussions between the Foreign Secretary and US authorities covered all issues of common interest in India-U.S. Relations, including those relating to mobility of high-skilled professionals.
"The new Trump Administration has so far not announced any comprehensive policy changes impacting non-immigrant work visa programmes.
The Minister said the Government has emphasised that Indian skilled professionals have contributed to the growth and development of the US economy and have helped the US retain its competitive edge and innovation advantage.
They are a big stakeholder in India-US relations and their backward linkages to India have helped US businesses, she said, adding that the US side has conveyed that they recognize and value the positive contributions of Indian students and IT professionals.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
