The ministry of Indian affairs (MOIA) is setting up a new fund to help distressed Indian workers abroad, including in the U.S., who are likely to return home to India after losing their jobs in the next 12-18 months. "There is likely to be an increase in the number of Indian workers returning in 2009 and a decline in the numbers going out,” the MOIA official said. Currently, the ministry estimates that around 150,000 Indian workers return back home every year at the end of their work contracts. The fund, which is being created as a safety net in case of larger numbers of workers returning to India in dire straits, will extend support to the returnees to set up their own enterprises and develop entrepreneurial skills. Margin money in the form of interest-free loans could be extended. “We will also help the workers in reskilling and becoming ready for the job market again,” Mr Ravi said.
H-1B Visas:
The H-1B is a non-immigrant visa in the United States under the Immigration & Nationality Act, section 101(a)(15)(H). It allows U.S. employers to temporarily employ foreign workers in specialty occupations.
The regulations define a “specialty occupation” as requiring theoretical and practical application of a body of highly specialized knowledge in a field of human endeavor including, but not limited to, ar
chitecture, engineering, mathematics, physical sciences, social sciences, medicine and health, education, law, accounting, business specialties, theology, and the arts, and requiring the attainment of a bachelor’s degree or its equivalent as a minimum. Likewise, the foreign worker must possess at least a bachelor’s degree or its equivalent and state licensure, if required to practice in that field. H-1B work-authorization is strictly limited to employment by the sponsoring employer.
The regulations define a “specialty occupation” as requiring theoretical and practical application of a body of highly specialized knowledge in a field of human endeavor including, but not limited to, ar
chitecture, engineering, mathematics, physical sciences, social sciences, medicine and health, education, law, accounting, business specialties, theology, and the arts, and requiring the attainment of a bachelor’s degree or its equivalent as a minimum. Likewise, the foreign worker must possess at least a bachelor’s degree or its equivalent and state licensure, if required to practice in that field. H-1B work-authorization is strictly limited to employment by the sponsoring employer.Indian H-1Bs grew steadily from 1989 clearly becoming the largest category in 1994, then doubling in size by 1996, and quintupling by 1999—a remarkable pattern of growth and accounting for nearly half of all visas issued in 1999 (47 percent). No other country during the lifetime of the program has so completely dominated the H-1 visa.
Reference:
H-1B Visas - wikipedia
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4 comments:
This is repatriation of Indian Talent that fled to more advanced countries. Perhaps looking for Economic Opportunities but never ceasing in their Love for "Mother India".
The Money that India spends helping these returners may be a wonderful excellent Investment.
Because with what they have learned elsewhere, they may have developped know-how to be entrepreneurs and start new businesses or improve those already established in India.
Many times in this world the initial impulse to be an entrepreneur has come from being fired, mistreated or harassed in a big corporation or other business anchored in the past.
I have met many people of India with Very Extraordinary Intelligence and Talents.
I think that the Great Economic Progress of India in the last 20 years may be due to many people that studied abroad, and that perhaps worked some years in America or Europe.
I take off my hat before these Engineers and Scientists that I have met, befriended, known and respected.
I admire them and even envy their talents.
What seems a crisis may be an opportunity for India and her talented sons out of the Motherland.
We should learn from these people of India to find out what makes them so Intelligent, Talented and Entrepreneurial. Perhaps we can better ourselves.
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Vicente Duque
Vicente,
I agree. I too know many talented people from India that have shared their skills and talents in America. As we see more and more talented, skilled and hard working people repatriate due to the economy, from India, Mexico, China and other countries, I wonder how significant an impact this have on our own country.
Yes. From Crisis to Opportunity.
Let's not forget that India is the recipient of one of the highest amounts of visas through the eb5 visa program...that is PER CAPITA. So, while there may be some reverse brain drain going on, there is still a large amount of Indian immigrants starting businesses and bringing over Indian talent for their workforce.
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