Bigger India
Indian technology companies weigh investment visa to enter US
The EB-5 visa is an immigrant programme that offers permanent residency for foreigners who invest at least $500,000 (about Rs 3 crore) in projects that will generate at least 10 full-time jobs in the US.
Indian technology companies seeking to mitigate the legislative headwinds around the H-1B work visa to the US are being presented with an alternative — an exorbitant and high-risk visa programme designed to attract investments and create jobs.
American immigration consultants are pitching the EB-5 visa to Indian companies including Tata Consultancy ServicesBSE -1.33 %, InfosysBSE -1.63 % and WiproBSE -0.99 % as well as smaller firms seeking to move top executives to the US.