UPDATE 1-India says US visa issue may be solved outside WTO

NEW DELHI, Aug 26 (BestGrowthStock) – India is confident of
resolving a visa restrictions issue with the United States
outside the WTO framework, a senior government official said on
Thursday.

India had objected to U.S. legislation passed this month to
strengthen security along the border with Mexico, funds for
which will be raised through a hike in visa fees that may
affect Indian companies like Infosys Technologies (INFY.BO: ) and
Wipro (WIPR.BO: ).

India’s trade secretary, Rahul Khullar, said last week the
move was not compatible with World Trade Organisation rules.

The Indian government is speaking to the U.S. government on
the issue.

Members of the apex Indian infotech association will also
meet U.S. senators on the visa issue next month as part of a
delegation to the United States led by Trade Minister Anand
Sharma.

“That consultation is ongoing as we speak and as that
consultation proceeds, I am confident this problem will get
resolved,” Khullar told reporters on Thursday, indicating that
India may not take the United States to the WTO if the issue is
resolved bilaterally.

The Indian software industry largely thrives on the model
of cross-border movement of its professionals.

India has long advocated free movement of professionals at
global trade bodies like the WTO.

(Reporting by Rajesh Kumar Singh; editing by Sugita Katyal)

UPDATE 1-India says US visa issue may be solved outside WTO