Lockdown Skills

The pandemic lockdown that has gripped the world since March 2020 has not stopped Indian business leaders from learning new skills to keep themselves busy and sane when not working. Food seems to be a running theme.

Yash Dongre, business head at House of Anita Dongre, honed his vegan baking skills (despite not being a vegan), and Swati Piramal of Piram Enterprises learned to make exotic gelatos. Others have mastered food photography and baking focaccia.

Radhika Ghai, cofounder of ShopClues, learned to solve the Rubik’s cube in 60 seconds. Suresh Rajan of LCR Capital Partners sharpened his video-calling and teleconferencing skills—all while running on a treadmill. He calls the possibly distracting noise “a productive and necessary evil.”

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EB-5 Program Update:

The EB-5 Program has lapsed. The US Congress is discussing the legislation that authorizes the program while USCIS reviews the regulations and policies for filing. Because of the recent court ruling that reversed the 2019 Modernization regulations, the investment level has shifted temporarily from $900,000 back to $500,000.

If the program is reauthorized before the regulations are updated, there may be another window of opportunity to file at $500,000.

LCR expects the program to be reauthorized in February 2022, and continues to work with international families that want to explore alternative residency options.

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