Indian Ex-Pats Will Direct Investment into Social Projects

Abigail Keene-Babcock — Mon, 07 Jan 2008 11:31:57 -0500

January 5, 2008 - 23:00, The Peninsula - Quatar

THE NR EYE: Focus on investment in social projects

Story Link: http://www.thepeninsulaqatar.com/Display_news.asp?section=World_News&subsection=India&month=January2008&file=World_News200801052

Teaser:
Indian officials have made it plain that they’ve given up using the annual diaspora conclave as a platform to woo investments of overseas Indians.

"The investment or money has not been forthcoming. Therefore, we decided that we will not ask for any investment this year (at Pravasi Bharatiya Divas 2008) but seek partnership from NRIs for philanthropic projects," Overseas Indian Affairs Minister Vayalar Ravi told the media recently.

Indian officials have made it plain that they’ve given up using the annual diaspora conclave as a platform to woo investments of overseas Indians.

"The investment or money has not been forthcoming. Therefore, we decided that we will not ask for any investment this year (at Pravasi Bharatiya Divas 2008) but seek partnership from NRIs for philanthropic projects," Overseas Indian Affairs Minister Vayalar Ravi told the media recently.

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Indian Ex-Pats Will Direct Investment into Social Projects