Business Standard

Why India's tough stand on H1-B visas may remain on paper

A panel involving the DIPP and finance ministry is currently in place to look at the issue

Image via Shutterstock
Premium

Image via Shutterstock

Subhayan Chakraborty New Delhi
Commerce and Industry Minister Nirmala Sitharaman could find it difficult to maintain her tough stance on US government’s curbs on H1-B visas, experts said. 

On Thursday, the minister said the US government should realise subsidiaries of US companies based in India also send their earnings to the US, which experts said meant that the government might be exploring capping royalty payments by India-based subsidiaries to US companies.

Such a move ran the risk of harming investor confidence in the country, experts said. Royalty is paid to a foreign collaborator for transfer of technology and use of brand names or trademarks.
Topics : H1B Visa

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in