US Agencies Can Now Hire indian Graduates From Top Universities Underneath The New Citizenship Plan: Trump
US President donald trump has said that the newly proposed 'gold card' initiative will allow American organizations to rent indian graduates from top US universities like Harvard and Stanford.
Trump on wednesday unveiled the 'gold card' initiative for rich foreigners, giving them the right to live and work inside the USA and imparting a direction to citizenship in exchange for a USD five million fee. "We're going to be selling a gold card," trump said from the Oval Office.
"You have a green card. This is a gold card. We're going to be placing a price on that card of approximately USD five million, and that's going to provide you inexperienced card privileges, plus it'll be a path to citizenship. And wealthy human beings will be entering our U.S. through shopping for this card," trump was quoted as saying by CNN.
Trump stated the cutting-edge immigration system has hindered top international skills, especially from india, from staying and running in the US.
"Someone comes from india, China, Japan, and different countries, attends Harvard or the Wharton faculty of finance… They acquire process gives; however, the offer is right away revoked due to the fact there may be no reality about whether that man or woman can live in the U.S.A.," he stated.
Trump stated that because of this, many talented graduates, who were pressured to go away from America, became successful entrepreneurs living back home.
"They go back to india or their home, the united states of America, start businesses, and emerge as billionaires, employing thousands," he stated. trump said that an organization can buy a gold card and use it for this recruitment, depending.
"I want to be able to have that person live inside the country; those agencies can cross and purchase a gold card, and they can use it as a reminder of recruitment.
"At the same time, the enterprise is using that cash
to pay down debt. We are going to pay down plenty of debt with that, and I assume the gold card is going to be used no longer simply for that. I mean, they may be used by businesses," trump said.
Trump said the sale of the cards will start in approximately weeks and cautioned hundreds of thousands of such cards could be bought.
Trump stated the card will replace the authorities's EB-5 immigrant investor visa program, which allows overseas investors to pump money into US projects that create jobs and then follow for visas to immigrate to the United States.
Created by congress in 1992, the EB-5 program can supply inexperienced playing cards to immigrants who make a minimum investment of at least USD 1,050,000, or USD 800,000 in economically distressed zones known as targeted employment regions, to create jobs for American people, in line with the USA Citizenship and Immigration services website.
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