OIFC to host Diaspora meets in Bahrain, London to woo investment in north

Written by Charanjit Ahuja | Chandigarh | Updated: Aug 20 2014, 11:39am hrs
The Overseas Indian Facilitation Centre (OIFC), a public private partnership between the Ministry of Overseas Indian Affairs and Confederation of Indian Industry (CII) formed in 2007 has announced two Diaspora engagement meets at Bahrain and London to woo overseas Indians to explore trade and investment opportunities in different northern states like Punjab, Haryana, UP, Uttarakhand, HP, J&K and Rajasthan.

The first Overseas Diaspora engagement meet is scheduled in the Gulf region on September 6, 2014 in Manama (Bahrain), while the second one is scheduled during the Regional Pravasi Bharatiya Divas from October 16-18, 2014 at London, announced Ms Charu Mathur, CEO, OIFC while addressing the media at CII NR Headquarters here today.

Sushma Swaraj, Minister of External Affairs and Overseas Indian Affairs is likely to inaugurate the Bahrain meet. Prem Narain, Secretary, Ministry of Overseas Indian Affairs, will be accompanied by a business delegation from India which would comprise industry leaders, officials from the government, and heads of various MOIA led initiatives from various states, she added. The objectives of the meet are to acquaint the Indian community about various investment opportunities in India, to seek inward investments from both Indian Diaspora and Bahraini nationals, to improve trade and investment ties in the Gulf and to strengthen Indian Diasporas engagement with Indian states.

Speaking about the key sectors of relevance during the Bahrain meet, she shared that The Diaspora meet in Bahrain will specifically dwell on investment opportunities in India in sectors like agriculture, infrastructure, healthcare, medical tourism, real estate and pharmaceutical industry. The second Overseas Diaspora Engagement Meet of OIFC at London will include Panel discussions on Indias FDI Policy, Getting Credit in India and Protecting Investor.

She informed that OIFC has also decides to institutionalize five Diaspora Engagement Meets every year including USA, UK, Singapore and Gulf region. The meets will provide the overseas community with insights on how the Indian Diaspora in various countries can engage with India and benefit, she informed.

Talking about the OIFCs special service to Northern states, she elaborated that I met senior state representatives from Punjab, Haryana, Rajasthan, Uttarakhand, Uttar Pradesh etc at CII Invest North recently to avail of OIFCs services actively as State Partners. Now, I am meeting up with the respective Principal Secretaries Investment Promotion to explain the states as to how OIFC can assist and steer investments from NRI investors in the respective states.