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Eased L-1B Visas to Help Indian IT Professional

March 2015, 25
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Eased L-1B Visas to Help Indian IT Professional
In a recent announcement made by US President Barack Obama, the process of getting L-1B work permits has been simplified for executives in corporate sectors. The L-1B visa would help American companies to bring employees from India as it would allure large foreign direct investment to the country. 

In an address to the SelectUSA Summit, Obama said that the new action would facilitate global companies to invest and launch in the US. The L-1B visa which moves workers from an offshore office to American office on a temporary basis would undergo adequate reforms to make the entire process simpler and faster.

This would help innumerable non-immigrant workers and their employers and in turn would greatly benefit the economy and spur additional investment. Earlier on, large number of declines of L-1 visas was a thwarting factor for Indian companies investing in the US. According to Obama, to reinforce the country’s economy, a comprehensive immigration reform system should be in place.  So, America as a country is open for conducting business as it is now in the middle of the longest band of private sector employment growth. This is the first time that US added more than 200,000 job openings in a year’s time nearly in past 40 years.

He also mentioned that the unemployment rate which was 10% in 2009 has come down to 5.5%. The manufacturing sector is showing growth at a fast pace than the rest of the economy. This sector received 500 million dollars in new public and private investment. US has the most skilled and productive workers, the most innovative entrepreneurs and the best universities. America is the global leader in patents and strong intellectual property protection.

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