Breaking News
Indians are doing a favor by investing in EB-5: Tech entrepreneur calls for stop to ‘racist trash’

EB-5 में निवेश करके भारतीय एक उपकार कर रहे हैं: टेक उद्यमी ने 'नस्लवादी कचरा' रोकने का आह्वान किया

America says that the number of Indians applying for green cards through the EB-5 program is increasing.

Indian-origin tech entrepreneur Vijay Thirumalai has hit back at the hatred against Indians on social media, which got a new excuse after the State Department released its May 2026 visa bulletin through the EB-5 green card program. the department said green card EB-5 investors from India may suddenly see a backlog because of the huge demand for this green card. “Substantial demand by India and utilization of the increased numbers in the EB-5 unreserved visa categories may make it unnecessary to push back the final action date or may render the category unavailable for use for the maximum number permitted under the FY 2026 annual limit. The situation will be continuously monitored, and any necessary adjustments will be made accordingly,” the visa bulletin said. For EB-5, one must create jobs in the US to obtain a green card. USCIS’ warning that India is using this route more than ever has angered US CEOs. Hany Girgis, founder of an American ed-tech company, wrote, “This is the same country that already dominates the H-1B and OPT backlog. The entire employment-based green card system is collapsing under the weight of one country’s demand. It’s time to reform the border and put Americans first.” Thirumali objected to the targeting of investor Indians and reminded Girgis that these Indians were paying taxes, investing $800K in the US to get green cards. Tirumalai wrote, “Indians are doing a favor by investing in EB5, not the other way around. Instead of spewing racist garbage and venom and imposing a 7% country cap on Indian investors, it would be much better for the US economy to have an accelerated EB5 queue for Indians, so that US companies can save billions of dollars in capital costs every year.” “Without Indian demand, 95% of EB5 projects will not be fully subscribed and lenders and valuable assets like senior housing, data centers, industrial warehousing, which support the US economy, cannot be built,” Thirumalai said.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *