World
Obama vows L-1B visa reform to attract global business
Washington: Declaring that “America is proudly open for business”, President Barack announced plans to reform the L-1B visa category to allow global corporations to temporarily move workers to the US in a faster, simpler way.
“And this could benefit hundreds of thousands of non-immigrant workers and their employers; that, in turn, will benefit our entire economy and spur additional investment,” he said addressing the second SelectUSA Investment Summit here.
“So the bottom line is this: America is proudly open for business, and we want to make it as simple and as attractive for you to set up shop here as is possible,” said Obama. “That is what this summit is all about.”
“The fact is there’s never been a more exciting time for us to do business together,” he said. “The companies that invest in America have access to the largest market in the world — and it’s a market that is strong and stable, and growing.”
More than 2,600 people-including 1,300 companies from more than 70 countries including India and over 500 US economic development officials from across the country-are attending the summit launched in 2011.
According to the White House the Department of Homeland Security will clarify guidelines for global companies seeking to staff new and expanding US operations with specialized knowledge related to their company or industry without impacting job opportunities for US workers.
The Confederation of Indian Industry (CII) in collaboration with SelectUSA Monday released the second edition of ‘US Business and Investment Climate Report’ at the summit.
A media release said the report has been created “to serve as a ready reference guide to not just Indian companies but to all those looking to expand their business in the US or enter the US as an investment destination.”
Providing a state-by-state view of the US, the report highlights the ‘Top 10 reasons to Invest ‘ as offered by all 50 US states and the US territories to businesses.
In addition, the report outlines the core and upcoming sectors of strength and growth in each state/territory, as well as some of the major tax and financial incentives being offered to attract and retain businesses.
In his foreword to the report, CII Director General Chandrajit Banerjee said “the US-India trade and commercial relationship has grown by leaps and bounds with bilateral trade touching nearly $100 billion.”
At the same time, the investment story too remains strong with the US ranked as the sixth largest source of FDI into India, while India has also emerged as one of the fastest growing sources of FDI into the United States, he noted.
CII’s own studies have found that Indian companies have invested in a range of sectors in the US including in technology, telecommunications, pharmaceuticals and life sciences, iron and steel, mining, energy, manufacturing, financial services etc, he said.
Indian companies have made their mark through greenfield and brownfield investments, mergers and acquisitions, joint ventures, and other business collaborations with US companies, Banerjee noted.
In his foreword, Vinai Thummalapally, Executive Director, SelectUSA said: “It has also been an exciting time for India, with the election of a new government with a mandate to make it easier than ever for Indians to do business.”
Thummalapally, who hails from Hyderabad, said during his travels to India “including joining President Obama during his January 2015 visit, I felt a palpable atmosphere of optimism.”
“Quite simply, there has never been a better time for Indians to expand their businesses to the United States than 2015,” he said.
Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.
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