PTI, July 23: Kenneth Juster, America’s former Ambassador to India, has been named as an advisor to the Global Board of the US India Business Council (USIBC).
We are thrilled to welcome Ambassador Juster as an Advisor to our Global Board — a true proponent of the US-India partnership, who has left an undeniable mark on bilateral relations, USIBC president Nisha Desai Biswal said.
USIBC also announced the addition of Kamal Ahluwalia, president Eightfold AI; Guru Bandekar, Chief Procurement Officer, Global Strategic Sourcing Stanley Black & Decker and Raghu Raghuram, CEO VMware, to its Global Board of Directors, further solidifying the Council’s leadership in key sectors.
As the two countries continue to focus on rebuilding economies, we are fortunate to have this set of visionaries guiding us, Biswal, who has earlier served as the US Assistant Secretary of State for South and Central Asian Affairs under the Obama administration, said.
Juster, who was the US envoy to India from 2017 to 2021, in a statement said that the breadth of the US-India relationship has continued to expand over the past few years beyond collaboration in key sectors to a shared vision for the Indo-Pacific region.
The two countries have a robust partnership, to which the USIBC has made significant contributions. I look forward to being an Advisor to the Global Board to help further strengthen bilateral economic and commercial ties. Juster said
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The temporary suspension of H-1B and other non-immigrant visas by President Donald Trump along with other restrictive policies on immigration is detrimental to the United States and its economy, president of a top American business advocacy group has said.
“It (the proclamation) is unfortunate,” Nisha Desai Biswal, president of US India Business Council (USIBC) told PTI in an interview. Trump had earlier this week issued a proclamation to suspend issuing of H-1B visas, popular among Indian IT professionals, along with other foreign work visas for the rest of the year. Trump argued that the step was essential to help millions of Americans who have lost their jobs due to the current economic crisis. However, the US Chambers of Commerce and USIBC do not agree.
“I think that the United States has benefited greatly over the years by successive waves of immigration and most particularly the skilled workers that have been coming in under these H-1B visas and L-1 one visas that have enabled necessary talent to come in and augment American workers in support of technology fields,” Biswal said.
Ironically, many of the companies that utilise H-1B workers are also using and creating training programmes to create integrated teams that can support the work. And that can bring more American workers into the skills that are necessary for these jobs, she said. “So, in curtailing the programme, I think it is actually going to impede the upskilling of American workers to be able to take on many of these jobs,” Ms Biswal said.
“The challenge that companies face is that the work needs to be done and the companies that are providing IT services and the companies that are utilising this talent, if the talent is not available in the United States, I’m worried that the jobs will actually go offshore,” she said.
There are other countries that are competing to draw some of that investment and bring in these workers as a competitor to the US, she said. Observing that the United States is a hub of innovation and talent, she noted that Trump’s policy on work visas is only going to hurt America”s own competitiveness, inhibit economic investment, and have a counterproductive effect.
“The US has been able to grow and be at the head of research and development of innovation because we have for over decades and decades been able to draw the best and the brightest from around the world,” she said.
US President Donald Trump signed a proclamation earlier this week suspending the entry of workers on the H-1B and some other non-immigrant visa programmes. The order came into effect from June 24 and will expire on December 31.
Indian IT industry body NASSCOM has termed the suspension ‘misguided’ and harmful to the US economy. The CEO of the US Chamber of Commerce Thomas Donahue said, “This proclamation is a severe and sweeping attempt to restrict legal immigration. Putting up a ‘not welcome’ sign for engineers, executives, IT experts, doctors, nurses and other workers won’t help our country, it will hold us back.”
Tech majors like Google, Apple, Amazon and Tesla have also slammed the move. Google CEO Sundar Pichai took to Twitter to voice his concerns. He said, “Immigration has contributed immensely to America’s economic success, making it a global leader in tech, and also Google the company it is today. Disappointed by today’s proclamation – we’ll continue to stand with immigrants and work to expand opportunity for all.”
To discuss the concerns regarding the suspension of H-1B and other non-immigrant visa programmes, CNBC-TV18’s Shereen Bhan spoke to the President of the US India Business Council (USIBC), Nisha Biswal.
Source: CNBC TV 18
Reform measures announced by the government as part to restart the economy are critical to make India’s business environment competitive not only with China, Vietnam and Mexico, but with more developed western economies
USIBC has suggested the Indian government to create a separate COVID-19 budget to support incremental financing needs to address the pandemic and its economic impact.
Source: The Economic Times
WASHINGTON : A large number of American companies like Google, Uber and IBM are offering their resources to help India successfully fight the battle against the deadly coronavirus pandemic. Resources range from providing free digital education platform, donating face masks, boosting up ventilator production to converting shipping containers into ICU.
Source: Live Mint
After the COVID-19 pandemic, India will have the opportunity to build an economy that is more resilient, diversified and attractive to the global manufacturers and services as the majority of the businesses world wide have faced disruptions and economic fallout, according to the head of a India-centric American business representative group here.
Source: Business Standard
While many analysts have raised red flags on the economic impact on an extension of the 21-day lockdown in India, due to the outbreak, an American business chamber said that businesses are ‘adapting’ in ways they can to ensure the continuity of essential businesses.
Amid coronavirus pandemic, a top American advocacy group has urged the Indian government to ease regulatory curbs to expedite production of active pharmaceutical ingredients, medical devices and other critical healthcare equipment.
Source: Business Standard
New Delhi, March 28 (IANS) The Centre should set up a task force to coordinate with the industry groups regarding resources, essential goods and services and technical capabilities that they can provide for responding to COVID-19, a US-India Business Council (USIBC) has recommended.
Source: Outlook India