Q Which country unveiled COMPETES Act which proposes to open up new vistas for talented individuals ...........

International Affairs Others

Q.) Which country unveiled COMPETES Act, which proposes to open up new vistas for talented individuals from across the world with a new start-up visa?

a) united states

b) Australia

c) Canada

d) Japan

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Explanation:

correct answer: a) Unites states

Explanation:

The United States unveiled the ambitious America Creating Opportunities for Manufacturing, Pre Eminence in Technology and Economic Strength Act of 2022, or America COMPETES Act of 2022, which proposes to open up new vistas for talented individuals from across the world with a new start-up visa. It is an Important step forward making supply chain stronger and reinvigorate the innovative engine of the country’s economy. The bill provides for $52 billion to encourage more semiconductor production in US, and $45 for grants and loans to improve supply chain resilience and manufacturing.

For India, it mean more opportunities in the US for Indian talent and for skilled workers