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Protectionist approach to hurt US firms: Mukherjee

Protectionist approach to hurt US firms: Mukherjee
PTI
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First Published: Wed, Feb 25 2009. 04 39 PM IST
Updated: Wed, Feb 25 2009. 04 39 PM IST
New Delhi: In the wake of US putting restrictions on American companies hiring H-IB visa workers, the Union government on Wednesday said it is constantly endeavouring to sensitize authorities there that any protectionist policy would hurt the interests of their companies.
“In our regular interaction with the US, we have been conveying that employment protectionism does not help the US or any other country, neither it is good for the global economic order,” external affairs minister Pranab Mukherjee informed the Lok Sabha during the question hour.
The minister noted the government was “fully committed” to protecting the interests of Indian professionals working in the US.
Noting the US has imposed restrictions on hiring H-IB visas by US firms receiving bailout money, he said “any protectionist policy would hurt the interest of the US companies the most”.
Mukherjee said India has been sensitizing the US authorities the fact that India happens to be the largest contributor of highly skilled workers to the US economy.
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First Published: Wed, Feb 25 2009. 04 39 PM IST