Tapping in on the aspirations of high networth Indians to educate their children in the US, the US Immigration Fund (USIF), the largest fund raiser under the country’s employment-based preference category (EB-5) visa, has targeted to raise $125 million in foreign investments from 250 Indian investors by 2018.
“This year we are set to raise about $50 million from 100 investors. But with growing awareness about the EB-5 category in the country, we hope to touch $125 million next year. Soon India could be the second largest user of the visa after China,” Andrew Graves, Director, Business Development, India, USIF, told BusinessLine.
Credit: thehindubusinessline.com
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