President, & CEO,
Stowe Aviation, Mr. Russell Barr on Friday disclosed that China has been the
largest beneficiary of EB5 programme of the United States which aims at
creating a great deal of employment in US through foreign investments.
Addressing an
Interactive Session on “Destination USA” under aegis of PHD Chamber of Commerce
and Industry here today, Mr. Barr also disclosed, “US administration now sees
India as one of the major beneficiary of this programme because of Indians
entrepreneurs skills”.
US according to him
is an immigration encouraging country and through EB5 programme, the country
would like to encourage foreign investors to park their surpluses in US
economy, particularly its suburbs and urban pockets and create an established
employment through such investments for the US citizens.
Speaking on the
occasion, President, United States-India Business Forum (USIBF), Ms. Jatinder
Singh said that in the emerging scenario, the US administration would encourage
Indian investors to take advantage of this programme and gradually replace
China because of various factors, language and currency fluctuation among such
reasons.
She advised the
potential investors to detail their homework and study pros and corns of the
EB5 programme of US administration so that investments are well protected and
their returns becomes reasonable because of stringent law of the land,
non-compliance of which might create problems for investors.
Co-Chairman,
International Affairs Committee for Asia & Pacific, PHD Chamber, Mr. Sanjeev
Ahuja said that information about EB5 programme given during the interactive
session in such detailed and structured way is timely for the Indian investors
as it helps them to explore investment opportunities in US and let their
surplus get used differently as also enable them to be part of the EB5 action
plan.
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