It has been observed in recent times that the rejection of H1B visa applications has been increased largely. H1B visas are mainly applied by Indian professionals who are seeking authorization for the implementation of temporary onsite contracts. India has expressed its concern to US in this regard. The point was highlighted by visiting Commerce and Industry Minister, Anand Sharma in a CEOs meeting. Sharma said less than half visa applications have been accepted this year while the rate of rejection has increased tremendously. During the meeting between top CEOs of both countries, the Minister emphasized on free movement of professionals and appealed US to initially approve the India-US Totalisation Agreement. The meeting was headed by Ratan Tata, Chairman of Tata Group from India and David M Cote CEO of Honeywell Corporation of US. In the meeting, the CEOs were given assurance that India will be committed for continuous improvement of its business and investment environment. Minister asked the US investors for establishment of National Investment and Manufacturing Zones. For upbringing the projected townships the Minister advised CEOs to recommend some profitable global operations. In the mean time, in a discussion with Ron Kirk, Representative of US Trade, Sharma had a talk about various ways of supporting bilateral trade and investment relationship, including more active engagement under the US-India Trade Policy Forum (TPF) which is the primary bilateral mechanism for addressing trade and investment issues. Regarding bilateral investment agreement, Kirk and Sharma both articulated their support for further round of discussions before the next TPF meeting and working constructively to move those discussions forward in a timely manner.
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