September 2014 \ Business & Investment \ PBD London
Investing in India

India beckons its diaspora for investments in energy, manufacturing and skills. From brain drain to brain bank, the new attitude to engage the diaspora is "Investments are safe: Look at India"

  • Rt Hon Patricia Hewitt, Chairperson, UK-India Business Council, speaking at the Inaugural Session of 24th OIFC Diaspora Engagement Meet, 16th October 2014. Present in Dias (L-R), Ms Charu Mathur, CEO, Overseas Indian Facilitation Centre, Mr Deep Kapuria, Chairman, Hi Tech Group; Mr Prem Narain, Secretary, Ministry of Overseas Indian Affairs, Govt. of India and Chairman, OIFC; H.E. Mr Ranjan Mathai, High Commissioner of India to the UK; Mr Uday Dholakia, Chairman, Indo-British Trade Council

Close on the heels of Prime Minister Mr Narendra Modi’s call for enhancing investments in India, the 24th OIFC Diaspora Engagement Meet in London centred around partnerships in manufacturing, skills and energy. The Overseas Indian Facilitation Centre (OIFC) is a public private partnership between the Ministry of Overseas Indian Affairs and Confederation of Indian Industry (CII) formed to facilitate the economic engagement of the Indian Diaspora with India.

Led by the Ministry of Overseas Indian Affairs, Government of India, the OIFC Engagement Meet set in motion a move to link economically successful UK Indians and British Nationals with vibrant revitalized investment destination- India

Key Secretaries to the Government of India spearheaded the invite for partnerships and economic engagement.

Inaugurating the Meet, Mr Prem Narain, Secretary, Ministry of Overseas Indian Affairs and Chairman, OIFC said, “The Overseas Indians must become a part of India’s development agenda. We have brought to London, a strong mix of information on new changes in policies, new developments and directions fronted by the new Government to help translate the enthusiasm and interest in this new India”. Mr Narain further added that "The ease of doing business is the new mantra for our Government. Investors coming to Indian market have nothing to fear and this is an assurance from our Honourable, Prime Minister, Shri Narendra Modi."

Tags: UK, PBD

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