India, Feb. 27 -- Washington President Donald Trump unveiled a new immigration policy on Tuesday where any foreign individual can pay five million dollars, obtain a Gold Card, akin to a Green Card, and become a permanent resident of America. The Gold Card will also create a pathway for citizenship of the United States.

The new Gold Card will replace the EB-5 visa that allowed those foreign individuals who invested a little over a million dollars in general, or $800,000 in targeted employment areas, and created ten jobs to acquire residency in America. The EB-5 visa was created by the US Congress in 1990 to spur foreign investment.

The move is one more step in Trump's radical overhaul of American citizenship and immigration policies that...