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Piyush Goyal Declares H1B Visa Issue a ‘Thing of the Past’
Union Minister of Commerce and Industry, Piyush Goyal, announced that the H1B visa issue is “a thing of the past” during a meeting at Vanijya Bhavan in New Delhi.
Goyal emphasized that this long-standing topic would no longer be a focal point in international discussions, signaling a shift towards more strategic and economic collaborations between India and the U.S.
Focus on Economic Reforms and Investments
Goyal’s recent visit to the U.S. included key meetings with business leaders in New York and Washington, aimed at strengthening India-U.S. economic ties. During his two-day stay in New York, Goyal engaged with CEOs from major companies, particularly in the pharmaceutical and diamond industries, highlighting investment opportunities in India. The diamond hub of Surat was presented as a prime location for such investments.
In Washington, Goyal attended a luncheon with 17 CEOs from the U.S.-India CEO Forum, including top executives from Tata Sons. Discussions revolved around restructuring the forum and signing several Memorandums of Understanding (MoUs), reaffirming both countries’ commitment to deepening business relations.
Exploring New Sectors and Bilateral Trade
Beyond traditional sectors, talks covered potential collaborations in clean energy, technology transfer, and digital telecommunications. Discussions also touched upon stabilizing the exchange rate between the Indian rupee and the U.S. dollar to facilitate smoother bilateral trade.
Goyal’s meetings extended to think tanks, Small and Medium-sized Enterprises (SMEs), and institutions like the Center for Strategic and International Studies (CSIS). Tourism and the development of the digital economy were also key focal points, reflecting a broader vision of India’s economic reform agenda.
Goyal described this U.S. visit as distinct, noting that there were no “negative agendas” on the table, and highlighting the positive trajectory of India-U.S. relations. His visit aimed to showcase India’s growing economic potential and attract more global investments into the country.
