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karatecatman · Guest

Read a UNI report that overseas Indian Affairs Minister Vayalar Ravi has launched the Overseas Indian Facilitation Centre (OIFC) in Delhi.
Highlights are:
It will function as a Investment in India and facilitating Business-to-Business partnership between Indian Business and Overseas Indians and extend a host of advisory services to PIO’s and NRI’s.
Will be a ‘‘one stop shop’’ for the Overseas Indians where at one platform they can get information, assistance and handholding services.
Will function in a Public-Private Partnership mode.
The Ministry will provide policy support, but the centre will be managed by the Confederation of Indian Industry(CII).
It will promote overseas Indian investment into India and facilitate business partnerships, by giving authentic and real time information and also by provide paid for handholding services to the potential Overseas Indian Investors.
It will establish and maintain a Diaspora Knowledge Network, by creating a database of Overseas Indians to leverage the knowledge resources through an electronic platform and function as a clearinghouse for all investment related information.
It will also assist all our States to project investment opportunities to overseas Indians in the infrastructure and social sectors.
The objectives will be to bring the Indian States, Indian Business and potential Overseas Investors on the same platform and to facilitate the investors to identify the investment opportunities.
The OIFC will provide a host of advisory services to PIO and in India, investment and financial issues etc.
On Overseas Indian Workers, the aim is to help transform them from mere savers to investors. 23 billion dollars which comes as remittance mostly goes into bank deposits and consumption expenditure. The challenge will be to convert these savings into investments.
Other facts are:
Overseas Indians are estimated at over twenty five million spread across 130 countries.