Union Minister Piyush Goyal emphasized India’s vital role in supporting the US workforce and economy. He praised Indian engineers and graduates for providing talent and innovation to American companies.
Speaking at the US-India Strategic Partnership Forum, he said India helps global corporations grow. Goyal highlighted that Indian professionals drive research, development, and new ideas in multiple sectors. His comments come amid ongoing challenges with the US H-1B visa program and foreign labor policies. He stressed the importance of collaboration between India and the US to boost innovation. Indian talent, he added, remains a key asset for America’s growth despite visa restrictions.
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Indian Engineers Fuel US Growth Despite H-1B Fee Hike, Says Goyal at Strategic Forum
Piyush Goyal urged India and the US to deepen cooperation in nuclear power and clean energy projects. He acknowledged challenges like liability and regulatory hurdles hindering nuclear investments and innovation. The minister praised US advancements in small modular nuclear reactors as promising technologies. India seeks to support private nuclear power initiatives and expand its clean energy capacity. He emphasized government efforts to address pricing and infrastructure issues in the nuclear sector. Goyal described nuclear energy as essential for India’s long-term sustainable energy strategy. He encouraged joint efforts to resolve barriers and accelerate nuclear power development.
The government is working on policies to reduce expenses and improve energy affordability. Goyal emphasized nuclear energy’s importance in India’s climate goals and energy security plans. He said innovation and international cooperation will help overcome existing nuclear power barriers. Despite challenges, India remains committed to increasing nuclear capacity to meet growing energy demand. Goyal expects nuclear power to play a crucial role in India’s clean energy future.
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The US introduced a one-time \$100,000 fee for new H-1B visa applicants, excluding renewals. This new policy has raised concerns about its impact on Indian professionals working in America. Indian workers have long contributed to US tech innovation and corporate growth through this visa. The fee targets new foreign workers and aims to restrict low-cost labor under previous administrations. Despite policy changes, India’s talent remains essential for the US economy and innovation sectors. Goyal’s remarks underline India’s significant role even as immigration rules tighten in the US. The policy shift may affect the flow of skilled workers between the two countries.
Donald Trump accused India and China of funding Russia’s war by buying its oil at the UNGA. He criticized both nations for supporting Russia’s military actions through continued energy trade. Trump warned of strong tariffs if Russia refuses to negotiate peace soon. India defended its oil imports, citing market forces and energy security as priorities. Indian officials stressed their decisions do not support any conflict or violation of international law. India insists on balancing economic interests while maintaining global peace and stability.The government reaffirmed that its energy policies serve national interests and comply with global norms.
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