U.S. Immigration Bill Will Undermine Competitiveness Of Indian IT: Anand Sharma

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New Delhi: Raising concerns over some of the "elements" of a U.S. legislation on immigration reforms, India on Monday said the bill will undermine the competitiveness of Indian IT businesses in America.

Indian companies support over 280,000 jobs in the U.S. and have contributed over $ 15 billion to the U.S. Treasury in the last five years, Commerce and Industry Minister Anand Sharma said at a meeting here with Steve Van Andel— Chairman of the Board of Directors, U.S. Chamber of Commerce.

Andel conveyed to the minister that the U.S. Chamber is on the "same page" on the issue and there is need to be more vocal about the ill effects of the proposed legislation.

"Sharma expressed his concern over the discriminatory measures related to skilled non-immigrant visas in the Comprehensive Immigration Reform Bill passed by the U.S. Senate. elements of the Bill will undermine the competitiveness of Indian IT businesses in the U.S.," said an official statement.

Quoting Sharma, it said that Indian IT companies have contributed enormously to the US economy through job creation and enhancing the competitiveness of their clients, who included some of the U.S.’s largest businesses.

"Investments of more than $ 5 billion have been made in the last five years alone, by way of acquisitions," it said. Sharma sought American investment in the Delhi-Mumbai Industrial Corridor (DMIC) project and National Manufacturing Investment Zones.

Andel evinced the US' interest in investment in these regions.

Read Also: Top 10 Technology Trends For Indian Companies In Infrastructure And Operations  and HP Remains Optimistic On Computing Market Despite Low GDP Outlook

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