India, Feb. 26 -- US President Donald Trump introduced a new "gold card" that immigrants can purchase for $5 million, calling it a "pathway to U.S. citizenship." Trump proposed the "gold card" as an alternative to the existing EB-5 immigrant investor visa program.

"We are going to be selling a gold card," Trump said as he signed executive orders alongside Commerce Secretary Howard Lutnick in the Oval Office on Tuesday. "We are going to be putting a price on that card of about $5 million."

He continued: "It's going to give you green card privileges plus its going to be a route to (American) citizenship, and wealthy people would be coming into our country by buying this card."

Trump said details about the new scheme will come out in two ...