Indian Investment In U.S. Creates 1,00,000 Jobs: Study

During a Congressional hearing last month, several U.S. lawmakers and business and trade representatives had urged the Obama administration to impress upon India against what they alleged are protectionist measures that are discriminatory to the U.S. businesses.

To address such concerns and to protect the interest of Indian companies in the U.S., which helps American businesses remain competitive in the global economy, the USIBC has launched the Coalition for Jobs and Growth (CJG).

"USIBC supports the free movement of technical professionals. This freedom of movement is essential to U.S. job creation, and is at the heart of our future economic prosperity," USIBC President Ron Somers, said at the time of the launch of the coalition in June.

"USIBC endorses immigration reform, but the legislation as currently written restricts a company's ability to source skilled talent, which hamstrings American competitiveness," Somers added.

The USIBC-led Coalition for Jobs & Growth believes that an open American economy helps give the United States the influence it needs to ensure that other economies stay open as well, it said.

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