Nasscom wants PM Modi to push for investor friendly policies with US

MUMBAI, INDIA: Industry body NASSCOM wants Prime Minister Narendra Modi to focus on cyber security and push for investor friendly policies during his visit to the US later this month.

BVR Mohan Reddy, Chairman, and R Chandrasekhar, President, NASSCOM, will attend some of the meetings with Modi in the US.

"We hope the focus will be on strategic ties in cyber security. Both India and the US also need to regulate policies to have an investor-friendly atmosphere," said Sangeeta Gupta, Senior Vice President, NASSCOM.

NASSCOM has urged Nirmala Sitharaman, Union Minister for Commerce and Industry to take-up the issues of immigration reform and social security of temporary works during her US visit, scheduled ahead of Modi.

According to Som Mittal, former President and Chairman, NASSCOM, India and the US do not have a totalization agreement because of which temporary workers are required to pay US social security. "We hope that the US will consider waiving these costs.”

It must be recalled that the PM had announced a Start-up India, Stand-up India campaign recently. His visit to the US is chiefly being seen as a push to the large diaspora of Indian-American entrepreneurs in the Silicon Valley to support the initiative.