Foreign firms grabbing Indian commercial realty sector |
Indian diaspora has long preferred the west to migrate and on top of the list has always been the United States of America. But as the immigration laws of the US gets more and more stringent, Indians including the ones residing in the US are looking at a more favourable option of Canada. During 2018, over 39,500 Indian citizens obtained permanent residency in Canada under the express entry system. According to recently released statistics, in 2018, Canada admitted more than 92,000 new permanent entry residents through its express entry system, which is a rise of 41% over the previous year. Permanent residency is similar to a green card in the US. In the previous year, 2017, Canada had admitted nearly 65,500 permanent residents under the express entry route, of which 40%, or 26,300 odd, were from India. The number of Indian citizens to be awarded permanent residency in 2018 has increased by 51% from 2017. The US is considering caps on H-1B work visas for countries that force foreign companies to store data locally. A cap of 15% of the quota is being considered, for India. A move which can turn away people towards the Canadian territory.
|
|
|
|