siliconindia | | March 20139inTargeting highly skilled talents from India and China, a bi-partisan group of U.S. lawmakers has recently introduced a new bill in the Congress to create over 125,000 new visas to lure global talents to America. The bill called Startup 3.0 has the potential to increase America's access to talent by creating a new set of conditional visas for 75,000 immigrant entrepreneurs and 50,000 foreign STEM (Science technology, engineering and math) graduate students. The authors of the bill opined that this will create half a million new American jobs.The bill has the support of top U.S. companies and organizations. Startup 3.0 allows qualified companies to apply research and development tax credits to their payroll tax liability which can be up to $250,000. For small startups, it also makes permanent the 100 percent capital gains tax exemption on investments that are held for more than five years, in addition to the 28 percent exemption on qualified small business stock. These provisions will unravel over $7.5 billion in new investments which will result in more innovation and jobs.Finally, the bill helps cut red tape, by requiring a cost-benefit analysis of any significant rule being proposed by a federal or independent agency. According to the authors of the bill, research has demonstrated the positive impact of immigrants on American job creation: more than 40 percent of all Fortune 500 companies were founded by an immigrant or the child of an immigrant.Software services major Infosys began trading of its American Depositary Shares (ADS) on NYSE Euronext's (NYX) London and Paris markets on February 20, 2013, making it the first Indian company to be admitted to trade on the leading global bourse. "Listing on NYSE Euronext enables UK, French and other European investors to have direct access to Infosys ADS. It is a testament to the strong relationship between Indian and the UK and allows UK investors to benefit from the India growth story," says Shibulal, CEO & Managing Director of Infosys.The Euronext listings are intended to attract investors based outside of India and the U.S., particularly in Europe, to provide greater access to Infosys' ADS among European fund managers.Infosys began trading on the NYSE on December 12, 2012 and trades under the ticker symbol INFY. Infosys will also trade on NYSE Euronext under the ticker symbol INFY. Bangalore-based Infosys was founded in 1981 by seven people and today has revenues of over $7 billion and employs more than 1.55 lakh people. The globalization of the Indian technology sector was pioneered by Infosys that now represents 24 percent of Indian exports and 13 percent of BSE benchmark index Sensex.Commenting on the development, "Infosys is a great example of Indian investment in the UK and I am delighted that they will be the first Indian company to be admitted to trade on NYSE Euronext London this week," says the UK Prime Minister David Cameron.U.S. tries to woo more Indians through Startup 3.0Infosys, to be the First Indian Company Listed on NYSE Euronext
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