Indian industry leaders are advocating for a streamlined single-window clearance system to attract Global Capability Centers, startups and research organizations, aiming to bolster domestic innovation and investment. This call comes in response to revisions in the US H1B visa policy, which are expected to make global talent more expensive and less mobile. Indian industry executives have called for the introduction of a single-window clearance system for Global Capability Centers (GCCs), startups and research organizations, aiming to boost domestic innovation and investment in response to the recent revisions in the US H1B visa policy. Several Indian executives emphasized that streamlining regulations, improving ease of doing business and implementing a single-window clearance system would significantly boost investment and drive innovation. “Simplifying regulations, enhancing the ease of doing business and introducing a single-window clearance system for startups, GCCs and research organizations will accelerate investment and innovation,” said Kapil Joshi, CEO of IT Staffing, Quess Corp.
A single window clearance system is a government provided online platform designed to streamline and simplify the process for businesses and investors to obtain all necessary approvals, licenses and clearances from various Government Departments and agencies. US President, Donald Trump on Friday (local time) made a major overhaul to the H-1B visa program, imposing a steep USD 100,000 annual fee on H-1B visa applications, raising fresh questions about whether this is a much-needed correction or a potentially crippling blow to America’s tech talent pipeline. However, the US Administration later clarified that the USD 100,000 annual fee targets new H-1B visa petitions, not existing holders or renewals. Highlighting the adverse impact, Quess Corp CEO further said that the immediate impact is obvious on sectors such as Information Technology (IT), GCCs and other US-facing industries, adding that firms could experience shifts in how they deploy workforce. Dewang Neralla, Founder & CEO of cross-border payments platform, HiWiPay, said the proposed USD 100,000 fee for hiring H-1B workers highlights a new reality–global talent is becoming costlier and less mobile. “For India, this is both a challenge and an opportunity. While many aspire to work abroad, this shift creates the chance to build strong, globally competitive ecosystems at home. Like China once did,” Neralla added.
Sanjay Tripathy, CEO & Co-Founder of BRISKPE, said that by pricing out the world’s best doctors, engineers and innovators, the U.S. risks stalling its own engine of innovation. “Instead, this will accelerate India’s rise as the hub for research, patents and startups,” Tripathy added. Echoing the similar sentiment, Apurv Agrawal, Co-founder & CEO, SquadStack.ai said that new provision has created sudden uncertainty for lakhs of Indian professionals but we are also seeing a major shift. “India is no longer a stepping stone; it is the destination. With the kind of AI-first companies and global-scale opportunities being built here today, we have a once-in-a-generation chance to retain and welcome back world-class talent,” Agrawal added. In a statement regarding restrictions to the US H1B visa program, the Official Spokesperson of the Ministry of External Affairs said the industry in both India and the US has a stake in innovation and creativity and can be expected to consult on the best path forward. The statement said that skilled talent mobility has contributed to innovation and wealth creation in the United States and India and policymakers will assess recent steps.
Source : https://economictimes.indiatimes.com/news/company/corporate-trends/industry-leaders-urge-single-window-clearance-for-gccs-startups-amid-us-h1b-visa-policy-changes/articleshow/124029592.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
