An high number of students are now leaving US after their studies because of difficulties in obtaining permission to stay further, which is against the visa or start of business.
Obama speaking to the Las Vegas said "There are brilliant students from all over the world sitting in classrooms at our top universities. Once, they finish school, there is a good chance they will leave the US to start a business or creat jobs in China, India, Mexico or somewhere else".
One among the bipartisan group of senators on Monday said holding on them as a part of the effort to fix the legal immigration system would be one of the three broad principles of his plan. Where as the other two were stepping up enforcement in order to prevent immigrants from entering the country illegally and proving a clear path to citizenship for the 11 million illegals already here.
More than a half (52.4%) of silicon valley start-ups had one or more immigrants as a key founder. And 28% of the firms had Indian or Chinese founders.
The Indian IT Industry, which is closely following the immigration debate for signs of an end to their biggest trade easing of H-1B and L-I visa regime for Indians, will have to wait for some more time. Indian IT giants and even smaller firms, have been hit by a high rate of rejection of application from Indians they seek to bring to work at their US operations.
Obama said "Congress is unable to move forward in a timely fashion, I will send up a bill based on my proposal and insist they vote right away".