Can I File i140 from India?

Can I apply for I-140 from India and subsequently extension of H1B.

My H1B cap is going to expire in 12 months and I can forsee that, the time would be good for me to only get PERM by the H1B expiration.

You can file i140 from India. You can then use the approved i140 to file H1B extension.

Thank you for the information

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is it allowed to file EB2 to EB1 port from India as well?

You can do anything if you are eligible.