[Applause] the Indian diaspora and it’s the role in
the Indian diaspora and it’s the role in
the Indian diaspora and it’s the role in the Indian development in that India
the Indian development in that India
the Indian development in that India development story I’ve been part of this
development story I’ve been part of this
development story I’ve been part of this community for eight around eight years I
community for eight around eight years I
community for eight around eight years I was born and brought up in India and I
was born and brought up in India and I
was born and brought up in India and I went to Oxford in 2008 to do my Master’s
went to Oxford in 2008 to do my Master’s
went to Oxford in 2008 to do my Master’s so so this topic is very personal as of
so so this topic is very personal as of
so so this topic is very personal as of personal relevance to me and naturally
personal relevance to me and naturally
personal relevance to me and naturally the all the views I present all my
the all the views I present all my
the all the views I present all my personal views as well so when to Oxford
personal views as well so when to Oxford
personal views as well so when to Oxford started my career in investment banking
started my career in investment banking
started my career in investment banking right after and I worked in London for
right after and I worked in London for
right after and I worked in London for around seven years but for most of the
around seven years but for most of the
around seven years but for most of the time I had this inclination of
time I had this inclination of
time I had this inclination of contributing back to the country in some
contributing back to the country in some
contributing back to the country in some way or the other maybe a part of this
way or the other maybe a part of this
way or the other maybe a part of this was because I had seen so this around 30
was because I had seen so this around 30
was because I had seen so this around 30 times but I think the bigger part of it
times but I think the bigger part of it
times but I think the bigger part of it was that India was his largest growing
was that India was his largest growing
was that India was his largest growing large economy in the world and it still
large economy in the world and it still
large economy in the world and it still is and I wanted to be a part of it so
is and I wanted to be a part of it so
is and I wanted to be a part of it so what I what I did I went on to events I
what I what I did I went on to events I
what I what I did I went on to events I started meeting people I started meeting
started meeting people I started meeting
started meeting people I started meeting people in the government in business to
people in the government in business to
people in the government in business to find ways to contribute or be alike and
find ways to contribute or be alike and
find ways to contribute or be alike and doose India focused projects but I found
doose India focused projects but I found
doose India focused projects but I found myself in a situation very soon when
myself in a situation very soon when
myself in a situation very soon when we’re like I learned later that a lot of
we’re like I learned later that a lot of
we’re like I learned later that a lot of overseas Indians find themselves in they
overseas Indians find themselves in they
overseas Indians find themselves in they want to contribute but fine fine little
want to contribute but fine fine little
want to contribute but fine fine little or no opportunity to contribute back to
or no opportunity to contribute back to
or no opportunity to contribute back to the country so and so much so that a
the country so and so much so that a
the country so and so much so that a real government report in 2000 realized
real government report in 2000 realized
real government report in 2000 realized this gap and said that genuine
this gap and said that genuine
this gap and said that genuine intentions to contribute back to the
intentions to contribute back to the
intentions to contribute back to the country are stalled because of
country are stalled because of
country are stalled because of unresponsive policy so so I have come
unresponsive policy so so I have come
unresponsive policy so so I have come back some like me have come back but
back some like me have come back but
back some like me have come back but there are many more who want to
there are many more who want to
there are many more who want to contribute and with high skills who are
contribute and with high skills who are
contribute and with high skills who are not able to approve their lives or not
not able to approve their lives or not
not able to approve their lives or not able to leave family or have loans or
able to leave family or have loans or
able to leave family or have loans or various other reasons and and and our
various other reasons and and and our
various other reasons and and and our base and do not are not able to
base and do not are not able to
base and do not are not able to contribute to the development of India
contribute to the development of India
contribute to the development of India so that made that compelled me to look
so that made that compelled me to look
so that made that compelled me to look into this topic a bit more so let us let
into this topic a bit more so let us let
into this topic a bit more so let us let us start with the basics what is the
us start with the basics what is the
us start with the basics what is the meaning of diaspora so diaspora is
meaning of diaspora so diaspora is
meaning of diaspora so diaspora is derived from a Greek
derived from a Greek
derived from a Greek letter or Greek word which which is
letter or Greek word which which is
letter or Greek word which which is called da Sphero which means I scatter
called da Sphero which means I scatter
called da Sphero which means I scatter so it has been taught that the Diaspora
so it has been taught that the Diaspora
so it has been taught that the Diaspora word aspera was used to refer to Jews in
word aspera was used to refer to Jews in
word aspera was used to refer to Jews in the eighths in the sixth century BC as
the eighths in the sixth century BC as
the eighths in the sixth century BC as they moved out of Israel but now it is
they moved out of Israel but now it is
they moved out of Israel but now it is used mainly to refer to communities of
used mainly to refer to communities of
used mainly to refer to communities of people who move out of their country of
people who move out of their country of
people who move out of their country of origin a un migration report in 2017
origin a un migration report in 2017
origin a un migration report in 2017 estimated that there are 258
estimated that there are 258
estimated that there are 258 international migrants around the world
international migrants around the world
international migrants around the world 64% of them live in high-income country
64% of them live in high-income country
64% of them live in high-income country mostly Asia Asia and Europe
mostly Asia Asia and Europe
mostly Asia Asia and Europe now let us look at the Indian diaspora
now let us look at the Indian diaspora
now let us look at the Indian diaspora in detail so the Indian diaspora
in detail so the Indian diaspora
in detail so the Indian diaspora consists of PA persons of Indian origin
consists of PA persons of Indian origin
consists of PA persons of Indian origin these are around seventeen point nine
these are around seventeen point nine
these are around seventeen point nine million people and nr eyes and in her
million people and nr eyes and in her
million people and nr eyes and in her eyes are basically people who still have
eyes are basically people who still have
eyes are basically people who still have Indian passports of would have moved out
Indian passports of would have moved out
Indian passports of would have moved out or working out outside the country or
or working out outside the country or
or working out outside the country or living outside the country those are
living outside the country those are
living outside the country those are around 13 million people so we the total
around 13 million people so we the total
around 13 million people so we the total size of the Indian diaspora is around 31
size of the Indian diaspora is around 31
size of the Indian diaspora is around 31 million people so let me put this into
million people so let me put this into
million people so let me put this into perspective it’s it’s a huge population
perspective it’s it’s a huge population
perspective it’s it’s a huge population if it was a country it would be the 45th
if it was a country it would be the 45th
if it was a country it would be the 45th biggest country in the world out of a
biggest country in the world out of a
biggest country in the world out of a total of 200 countries if it was a state
total of 200 countries if it was a state
total of 200 countries if it was a state in India would be the 15th largest state
in India would be the 15th largest state
in India would be the 15th largest state it is its population size is bigger than
it is its population size is bigger than
it is its population size is bigger than UAE Singapore and its population is
UAE Singapore and its population is
UAE Singapore and its population is bigger than all the Nordic countries
bigger than all the Nordic countries
bigger than all the Nordic countries combined and it is not just the size of
combined and it is not just the size of
combined and it is not just the size of populations the diversity of population
populations the diversity of population
populations the diversity of population as well the Indian dies for the top
as well the Indian dies for the top
as well the Indian dies for the top countries where the Indian diaspora
countries where the Indian diaspora
countries where the Indian diaspora lives as you might all expect our US UK
lives as you might all expect our US UK
lives as you might all expect our US UK Myanmar Saudi Arabia etcetera etcetera
Myanmar Saudi Arabia etcetera etcetera
Myanmar Saudi Arabia etcetera etcetera but in around 30 countries around the
but in around 30 countries around the
but in around 30 countries around the world there are there more than 1 lakh
world there are there more than 1 lakh
world there are there more than 1 lakh people of Indian origins live there so
people of Indian origins live there so
people of Indian origins live there so it’s not just a large population it’s
it’s not just a large population it’s
it’s not just a large population it’s also a population which is diversely
also a population which is diversely
also a population which is diversely spread so let me let me come to the
spread so let me let me come to the
spread so let me let me come to the point of this presentation how does this
point of this presentation how does this
point of this presentation how does this big and diverse population impact the
big and diverse population impact the
big and diverse population impact the development or the India’s development
development or the India’s development
development or the India’s development story so I feel there are five areas
story so I feel there are five areas
story so I feel there are five areas where this contra well this community
where this contra well this community
where this contra well this community contributes the first being remittances
contributes the first being remittances
contributes the first being remittances second being every investment third
second being every investment third
second being every investment third being trade then knowledge and skills
being trade then knowledge and skills
being trade then knowledge and skills transfer and
transfer and
transfer and global networks let me talk about
global networks let me talk about
global networks let me talk about remittances first it is that’s that’s
remittances first it is that’s that’s
remittances first it is that’s that’s one of the strong areas for rs4 as well
one of the strong areas for rs4 as well
one of the strong areas for rs4 as well I was I was looking at a talk watching a
I was I was looking at a talk watching a
I was I was looking at a talk watching a talk sorry with by an economist
talk sorry with by an economist
talk sorry with by an economist eminent economist mr. Dilip rata and he
eminent economist mr. Dilip rata and he
eminent economist mr. Dilip rata and he meant he refers to remittances as
meant he refers to remittances as
meant he refers to remittances as dollars wrapped with love which i think
dollars wrapped with love which i think
dollars wrapped with love which i think is quite apt because remittances go
is quite apt because remittances go
is quite apt because remittances go towards contributing to household
towards contributing to household
towards contributing to household finances remittances can also be very
finances remittances can also be very
finances remittances can also be very significant for certain economies for
significant for certain economies for
significant for certain economies for example economies like Nepal Haiti and
example economies like Nepal Haiti and
example economies like Nepal Haiti and Kyrgyz Republic they contribute to
Kyrgyz Republic they contribute to
Kyrgyz Republic they contribute to around 30 percent of the GDP is a UN
around 30 percent of the GDP is a UN
around 30 percent of the GDP is a UN report estimated that around 413 billion
report estimated that around 413 billion
report estimated that around 413 billion worth of remittances were sent to
worth of remittances were sent to
worth of remittances were sent to emerging economies or developing
emerging economies or developing
emerging economies or developing economies in 2016 how does that sixty
economies in 2016 how does that sixty
economies in 2016 how does that sixty two point four billion came to India
two point four billion came to India
two point four billion came to India this makes us the largest receiver of
this makes us the largest receiver of
this makes us the largest receiver of remittances around the globe but let me
remittances around the globe but let me
remittances around the globe but let me put that into further perspective in
put that into further perspective in
put that into further perspective in 2016 the amount of FDI or foreign direct
2016 the amount of FDI or foreign direct
2016 the amount of FDI or foreign direct investment is everyone aware of foreign
investment is everyone aware of foreign
investment is everyone aware of foreign direct investment is the foreign direct
direct investment is the foreign direct
direct investment is the foreign direct investment is basically an investment
investment is basically an investment
investment is basically an investment which is made by a company into into an
which is made by a company into into an
which is made by a company into into an Indian company or to set up a new
Indian company or to set up a new
Indian company or to set up a new projects etc so the total foreign direct
projects etc so the total foreign direct
projects etc so the total foreign direct investment was sixty billion so compared
investment was sixty billion so compared
investment was sixty billion so compared to remittances which was sixty two and
to remittances which was sixty two and
to remittances which was sixty two and this is not just a one-year phenomena it
this is not just a one-year phenomena it
this is not just a one-year phenomena it is from if you look at the time period
is from if you look at the time period
is from if you look at the time period from 20 2000 to 2017 the total foreign
from 20 2000 to 2017 the total foreign
from 20 2000 to 2017 the total foreign direct investment was 499 billion
direct investment was 499 billion
direct investment was 499 billion whereas the total remittances are
whereas the total remittances are
whereas the total remittances are estimated to be around 791 billion so it
estimated to be around 791 billion so it
estimated to be around 791 billion so it gives you an idea of what the total the
gives you an idea of what the total the
gives you an idea of what the total the total of economic impact that this
total of economic impact that this
total of economic impact that this community has let’s also look at the FDI
community has let’s also look at the FDI
community has let’s also look at the FDI since we’re talking about the FTA as
since we’re talking about the FTA as
since we’re talking about the FTA as well as talk about the impact of the
well as talk about the impact of the
well as talk about the impact of the diaspora on the FDI as well so – pura
diaspora on the FDI as well so – pura
diaspora on the FDI as well so – pura are motivated to invest in high-risk
are motivated to invest in high-risk
are motivated to invest in high-risk areas they’re familiar with ie the
areas they’re familiar with ie the
areas they’re familiar with ie the developing economies which dimensionally
developing economies which dimensionally
developing economies which dimensionally comes from this is very important for
comes from this is very important for
comes from this is very important for overseas international investors who
overseas international investors who
overseas international investors who want to gain the confidence before they
want to gain the confidence before they
want to gain the confidence before they enter these new markets so diaspora play
enter these new markets so diaspora play
enter these new markets so diaspora play a key role
a key role
a key role let me let me illustrate by giving a few
let me let me illustrate by giving a few
let me let me illustrate by giving a few examples
examples
examples from around the world so an economist
from around the world so an economist
from around the world so an economist article in 2011 focusing on the Diaspora
article in 2011 focusing on the Diaspora
article in 2011 focusing on the Diaspora had pointed towards a case study a
had pointed towards a case study a
had pointed towards a case study a Harvard Business School case study which
Harvard Business School case study which
Harvard Business School case study which found that American companies employing
found that American companies employing
found that American companies employing Chinese people found it much easier to
Chinese people found it much easier to
Chinese people found it much easier to set up local projects in China without a
set up local projects in China without a
set up local projects in China without a local joint venture partner and then as
local joint venture partner and then as
local joint venture partner and then as it turns out Chinese diaspora our
it turns out Chinese diaspora our
it turns out Chinese diaspora our response have been reported to be
response have been reported to be
response have been reported to be responsible for around 70 percent of the
responsible for around 70 percent of the
responsible for around 70 percent of the FDI coming into China the same figure of
FDI coming into China the same figure of
FDI coming into China the same figure of reading in various reports it’s around 9
reading in various reports it’s around 9
reading in various reports it’s around 9 or 10 percent for India so this is an
or 10 percent for India so this is an
or 10 percent for India so this is an area where we can improve this well and
area where we can improve this well and
area where we can improve this well and we’ll go through how we can improve that
we’ll go through how we can improve that
we’ll go through how we can improve that as well
as well
as well another report I I read by the monetary
another report I I read by the monetary
another report I I read by the monetary policy institute which is abortion tondc
policy institute which is abortion tondc
policy institute which is abortion tondc based in a think-tank
based in a think-tank
based in a think-tank was from Senegal so Senegal set up a
was from Senegal so Senegal set up a
was from Senegal so Senegal set up a fund for the Senegalese diaspora which
fund for the Senegalese diaspora which
fund for the Senegalese diaspora which raised around 40 million dollars that
raised around 40 million dollars that
raised around 40 million dollars that invested around 800 high-impact projects
invested around 800 high-impact projects
invested around 800 high-impact projects around the country now let us go to
around the country now let us go to
around the country now let us go to trade so trade when the Diaspora
trade so trade when the Diaspora
trade so trade when the Diaspora consumes goods and services from their
consumes goods and services from their
consumes goods and services from their country of origin
country of origin
country of origin they in turn promote them in the country
they in turn promote them in the country
they in turn promote them in the country that they live in and putting perlier
that they live in and putting perlier
that they live in and putting perlier let’s let’s talk about the indian
let’s let’s talk about the indian
let’s let’s talk about the indian context here so we can come up with two
context here so we can come up with two
context here so we can come up with two or three kaveri concrete him two
or three kaveri concrete him two
or three kaveri concrete him two examples which hopefully you can all
examples which hopefully you can all
examples which hopefully you can all relate to box office sales of bollywood
relate to box office sales of bollywood
relate to box office sales of bollywood movies are highly dependent on the
movies are highly dependent on the
movies are highly dependent on the presence of diaspora in those countries
presence of diaspora in those countries
presence of diaspora in those countries the Indian cuisine Indian food has been
the Indian cuisine Indian food has been
the Indian cuisine Indian food has been promoted by the diaspora around the
promoted by the diaspora around the
promoted by the diaspora around the world if you look at foreign tourists
world if you look at foreign tourists
world if you look at foreign tourists arrivals in into India they’re mostly
arrivals in into India they’re mostly
arrivals in into India they’re mostly from the countries where we have large
from the countries where we have large
from the countries where we have large populations of the Diaspora coming to
populations of the Diaspora coming to
populations of the Diaspora coming to skills and knowledge transfer our IT
skills and knowledge transfer our IT
skills and knowledge transfer our IT industry our our startup ecosystem has
industry our our startup ecosystem has
industry our our startup ecosystem has benefited a lot from the conversations
benefited a lot from the conversations
benefited a lot from the conversations that they have with the Indian diaspora
that they have with the Indian diaspora
that they have with the Indian diaspora and Silicon Valley our medical industry
and Silicon Valley our medical industry
and Silicon Valley our medical industry has benefited from doctors coming in and
has benefited from doctors coming in and
has benefited from doctors coming in and setting up my speciality hospitals with
setting up my speciality hospitals with
setting up my speciality hospitals with state-of-the-art medical facilities upon
state-of-the-art medical facilities upon
state-of-the-art medical facilities upon their return a good example that has
their return a good example that has
their return a good example that has come up from around the world is Chile
come up from around the world is Chile
come up from around the world is Chile global from Chile which is a which is a
global from Chile which is a which is a
global from Chile which is a which is a network of around a thousand Chileans
network of around a thousand Chileans
network of around a thousand Chileans abroad which Kahn
abroad which Kahn
abroad which Kahn you to the country in the in some shape
you to the country in the in some shape
you to the country in the in some shape or form now looking at the last but one
or form now looking at the last but one
or form now looking at the last but one of the most important contributions of
of the most important contributions of
of the most important contributions of de espera it is the global networks so
de espera it is the global networks so
de espera it is the global networks so industry chambers government
industry chambers government
industry chambers government associations are examples of
associations are examples of
associations are examples of institutions which are led by the
institutions which are led by the
institutions which are led by the diaspora and they foster strong
diaspora and they foster strong
diaspora and they foster strong relationships of the country of origin
relationships of the country of origin
relationships of the country of origin with around the with the countries
with around the with the countries
with around the with the countries around the world
around the world
around the world so we’ve discussed a few benefits of
so we’ve discussed a few benefits of
so we’ve discussed a few benefits of engaging with this community very very
engaging with this community very very
engaging with this community very very briefly so but it’s still serving it’s
briefly so but it’s still serving it’s
briefly so but it’s still serving it’s still surprising that not many countries
still surprising that not many countries
still surprising that not many countries have invested in really understanding
have invested in really understanding
have invested in really understanding the grasper around the world what is the
the grasper around the world what is the
the grasper around the world what is the situation in India as you might be
situation in India as you might be
situation in India as you might be curious to ask it let me go through the
curious to ask it let me go through the
curious to ask it let me go through the important milestones of the last two
important milestones of the last two
important milestones of the last two decades I cannot go through every every
decades I cannot go through every every
decades I cannot go through every every engagement that has happened but I’ll
engagement that has happened but I’ll
engagement that has happened but I’ll cover the key points that have happened
cover the key points that have happened
cover the key points that have happened in the last two decades starting with
in the last two decades starting with
in the last two decades starting with 1998 India the Indian government issued
1998 India the Indian government issued
1998 India the Indian government issued resurgent India bonds 1998 some some of
resurgent India bonds 1998 some some of
resurgent India bonds 1998 some some of you might have read that was a time when
you might have read that was a time when
you might have read that was a time when India was facing sanctions because we
India was facing sanctions because we
India was facing sanctions because we did the nuclear tests we dependent on
did the nuclear tests we dependent on
did the nuclear tests we dependent on the diasporas financial power to regain
the diasporas financial power to regain
the diasporas financial power to regain confidence of overseas investors we and
confidence of overseas investors we and
confidence of overseas investors we and to shore up our foreign exchange
to shore up our foreign exchange
to shore up our foreign exchange reserves so the resurgent Indian bonds
reserves so the resurgent Indian bonds
reserves so the resurgent Indian bonds ended up raising four billion dollars
ended up raising four billion dollars
ended up raising four billion dollars from
from
from diaspora around the world which was
diaspora around the world which was
diaspora around the world which was significant at that time 1999 we
significant at that time 1999 we
significant at that time 1999 we launched the PIO scheme in 2000 the
launched the PIO scheme in 2000 the
launched the PIO scheme in 2000 the Ministry of External Affairs set up the
Ministry of External Affairs set up the
Ministry of External Affairs set up the high-level committee to give
high-level committee to give
high-level committee to give recommendations on issues related to a
recommendations on issues related to a
recommendations on issues related to a desperate some of which have been
desperate some of which have been
desperate some of which have been implemented already one of the
implemented already one of the
implemented already one of the recommendations that have been
recommendations that have been
recommendations that have been implemented was in 2003 which is the
implemented was in 2003 which is the
implemented was in 2003 which is the privacy party the was the privacy party
privacy party the was the privacy party
privacy party the was the privacy party services held on 9th of January every
services held on 9th of January every
services held on 9th of January every year since 2003 and do you know what is
year since 2003 and do you know what is
year since 2003 and do you know what is the significance of 9th of January so I
the significance of 9th of January so I
the significance of 9th of January so I mean I didn’t know much before as well
mean I didn’t know much before as well
mean I didn’t know much before as well so 9th of January was the day when
so 9th of January was the day when
so 9th of January was the day when Mahatma Gandhi
Mahatma Gandhi
Mahatma Gandhi came back from South Africa so it is
came back from South Africa so it is
came back from South Africa so it is away so there’s this very significant
away so there’s this very significant
away so there’s this very significant date is held every year since 2003 in
date is held every year since 2003 in
date is held every year since 2003 in 2005 we launched the OCI scheme which is
2005 we launched the OCI scheme which is
2005 we launched the OCI scheme which is overseas citizen of India in 2011 the
overseas citizen of India in 2011 the
overseas citizen of India in 2011 the foundation stone for privacy party can
foundation stone for privacy party can
foundation stone for privacy party can sir
sir
sir was was laid by the then Prime Minister
was was laid by the then Prime Minister
was was laid by the then Prime Minister and from privacy party can do for you
and from privacy party can do for you
and from privacy party can do for you some of people you don’t know is a it’s
some of people you don’t know is a it’s
some of people you don’t know is a it’s a building in China Kapoor in Delhi
a building in China Kapoor in Delhi
a building in China Kapoor in Delhi which is the focal point of networking
which is the focal point of networking
which is the focal point of networking between the Indian diaspora and the
between the Indian diaspora and the
between the Indian diaspora and the Indian community in so-so and it is very
Indian community in so-so and it is very
Indian community in so-so and it is very encouraging also to see in the last few
encouraging also to see in the last few
encouraging also to see in the last few years that the government is engaging
years that the government is engaging
years that the government is engaging more and more with the diaspora in 2015
more and more with the diaspora in 2015
more and more with the diaspora in 2015 I was part of the euphoric reception
I was part of the euphoric reception
I was part of the euphoric reception that our Prime Minister received in the
that our Prime Minister received in the
that our Prime Minister received in the Wembley Stadium in London on 9th January
Wembley Stadium in London on 9th January
Wembley Stadium in London on 9th January prabhasa party there was this year
prabhasa party there was this year
prabhasa party there was this year around three weeks ago the Prime
around three weeks ago the Prime
around three weeks ago the Prime Minister attended the first ever Pio
Minister attended the first ever Pio
Minister attended the first ever Pio parliamentary conference with
parliamentary conference with
parliamentary conference with parliamentarians of Indian origin from
parliamentarians of Indian origin from
parliamentarians of Indian origin from around the world were called and he
around the world were called and he
around the world were called and he addressed the diaspora as permanent
addressed the diaspora as permanent
addressed the diaspora as permanent ambassadors for India and urged them to
ambassadors for India and urged them to
ambassadors for India and urged them to take part in India’s development looks
take part in India’s development looks
take part in India’s development looks like we are in the right direction but
like we are in the right direction but
like we are in the right direction but there’s a lot that needs to be done so
there’s a lot that needs to be done so
there’s a lot that needs to be done so my last section of the presentation will
my last section of the presentation will
my last section of the presentation will focus on what measures we can take in
focus on what measures we can take in
focus on what measures we can take in the future to to recognize this the
the future to to recognize this the
the future to to recognize this the world is becoming a very small place
world is becoming a very small place
world is becoming a very small place because of the technology advancements
because of the technology advancements
because of the technology advancements where the transport is becoming faster
where the transport is becoming faster
where the transport is becoming faster transfer cheaper and so the de espera in
transfer cheaper and so the de espera in
transfer cheaper and so the de espera in the future will have more opportunities
the future will have more opportunities
the future will have more opportunities to engage with the countries of the
to engage with the countries of the
to engage with the countries of the region the Indian diaspora is larger and
region the Indian diaspora is larger and
region the Indian diaspora is larger and much more diverse than ever before and
much more diverse than ever before and
much more diverse than ever before and we must recognize that so the measures
we must recognize that so the measures
we must recognize that so the measures we take should recognize these changes
we take should recognize these changes
we take should recognize these changes that are happening and I feel in my
that are happening and I feel in my
that are happening and I feel in my personal opinion that they there are
personal opinion that they there are
personal opinion that they there are three different perspectives that we can
three different perspectives that we can
three different perspectives that we can take the first one is here that why
take the first one is here that why
take the first one is here that why don’t we why don’t we look at our or
don’t we why don’t we look at our or
don’t we why don’t we look at our or perceived that as far as the 30th state
perceived that as far as the 30th state
perceived that as far as the 30th state to do that in addition to an immigration
to do that in addition to an immigration
to do that in addition to an immigration policy we could also have an emigration
policy we could also have an emigration
policy we could also have an emigration strategy
strategy
strategy to engage the best for in the future the
to engage the best for in the future the
to engage the best for in the future the foreign missions abroad as we call them
foreign missions abroad as we call them
foreign missions abroad as we call them for indian embassies abroad the foreign
for indian embassies abroad the foreign
for indian embassies abroad the foreign missions abroad could be key in
missions abroad could be key in
missions abroad could be key in cultivating a sense of community within
cultivating a sense of community within
cultivating a sense of community within the destro by having events like
the destro by having events like
the destro by having events like marathons meetups etc etc online voting
marathons meetups etc etc online voting
marathons meetups etc etc online voting foreigner eyes could be considered the
foreigner eyes could be considered the
foreigner eyes could be considered the the reintegration process for people of
the reintegration process for people of
the reintegration process for people of Indian origin could be streamlined as
Indian origin could be streamlined as
Indian origin could be streamlined as well and I think the last and the most
well and I think the last and the most
well and I think the last and the most important measure in this first factor
important measure in this first factor
important measure in this first factor would be to engage highly skilled people
would be to engage highly skilled people
would be to engage highly skilled people in the Indian education system and we
in the Indian education system and we
in the Indian education system and we could start by focusing on the retired
could start by focusing on the retired
could start by focusing on the retired personnel within the diaspora the second
personnel within the diaspora the second
personnel within the diaspora the second perspective we can take is the diasporas
perspective we can take is the diasporas
perspective we can take is the diasporas role in promoting India as a global
role in promoting India as a global
role in promoting India as a global investment destination so if you
investment destination so if you
investment destination so if you remember I spoke about a committee that
remember I spoke about a committee that
remember I spoke about a committee that was set up in 2000 by the Ministry of
was set up in 2000 by the Ministry of
was set up in 2000 by the Ministry of amour
amour
amour External Affairs so a lot of
External Affairs so a lot of
External Affairs so a lot of recommendations that came out of that
recommendations that came out of that
recommendations that came out of that were focused on a single window
were focused on a single window
were focused on a single window clearance system for radius activities
clearance system for radius activities
clearance system for radius activities of the Diaspora I think the primary
of the Diaspora I think the primary
of the Diaspora I think the primary activity that can benefit from this
activity that can benefit from this
activity that can benefit from this would be investments investments from
would be investments investments from
would be investments investments from the Indian diaspora and I think
the Indian diaspora and I think
the Indian diaspora and I think cross-border trade our procedures laid
cross-border trade our procedures laid
cross-border trade our procedures laid across foreign trade should be further
across foreign trade should be further
across foreign trade should be further streamlined as well India like we could
streamlined as well India like we could
streamlined as well India like we could issued a spur of bonds on a regular
issued a spur of bonds on a regular
issued a spur of bonds on a regular basis and we can take in its inspiration
basis and we can take in its inspiration
basis and we can take in its inspiration from Israel where Israelis issues bonds
from Israel where Israelis issues bonds
from Israel where Israelis issues bonds on a regular basis true for their
on a regular basis true for their
on a regular basis true for their diaspora there’s there’s an India
diaspora there’s there’s an India
diaspora there’s there’s an India development foundation for overseas
development foundation for overseas
development foundation for overseas Indians which facilitates philanthropic
Indians which facilitates philanthropic
Indians which facilitates philanthropic efforts of overseas Indians this should
efforts of overseas Indians this should
efforts of overseas Indians this should be marketed even further or and I think
be marketed even further or and I think
be marketed even further or and I think more aggressively because not many
more aggressively because not many
more aggressively because not many people know about it and the last one I
people know about it and the last one I
people know about it and the last one I said every leg is to incentivize the
said every leg is to incentivize the
said every leg is to incentivize the Diaspora to be an ambassador for India I
Diaspora to be an ambassador for India I
Diaspora to be an ambassador for India I think one of the key one of the key
think one of the key one of the key
think one of the key one of the key measures that could help with is our
measures that could help with is our
measures that could help with is our distance learning programs and with the
distance learning programs and with the
distance learning programs and with the technology the education system that we
technology the education system that we
technology the education system that we have today these could be facilitated by
have today these could be facilitated by
have today these could be facilitated by eminent universities and they would
eminent universities and they would
eminent universities and they would quantify the knowledge and the skills
quantify the knowledge and the skills
quantify the knowledge and the skills the
the
the some people have in for regards to the
some people have in for regards to the
some people have in for regards to the Indian economy or the Indian culture
Indian economy or the Indian culture
Indian economy or the Indian culture which could be beneficial in their
which could be beneficial in their
which could be beneficial in their business or personal lives we could also
business or personal lives we could also
business or personal lives we could also consider inviting NRI delegations to
consider inviting NRI delegations to
consider inviting NRI delegations to India more often so that they can see
India more often so that they can see
India more often so that they can see the opportunities that exist here and
the opportunities that exist here and
the opportunities that exist here and and one of the one of the inspirations
and one of the one of the inspirations
and one of the one of the inspirations that we can take is again from Israel
that we can take is again from Israel
that we can take is again from Israel which is a bright write program which
which is a bright write program which
which is a bright write program which calls young members of the Israeli
calls young members of the Israeli
calls young members of the Israeli diaspora to to their country on a
diaspora to to their country on a
diaspora to to their country on a regular basis and and I think lastly
regular basis and and I think lastly
regular basis and and I think lastly Indian diaspora should be one of the
Indian diaspora should be one of the
Indian diaspora should be one of the main partners in promoting Indian brands
main partners in promoting Indian brands
main partners in promoting Indian brands and Indian companies abroad so in
and Indian companies abroad so in
and Indian companies abroad so in conclusion we’ve we’ve gone through some
conclusion we’ve we’ve gone through some
conclusion we’ve we’ve gone through some of the positive impact that the Diaspora
of the positive impact that the Diaspora
of the positive impact that the Diaspora has in in the development of India and I
has in in the development of India and I
has in in the development of India and I think if India if India is to become a
think if India if India is to become a
think if India if India is to become a global economy of the 21st century
global economy of the 21st century
global economy of the 21st century it’s the we need to leverage this asset
it’s the we need to leverage this asset
it’s the we need to leverage this asset without a unique asset that we have to
without a unique asset that we have to
without a unique asset that we have to the fullest thank you very much
”
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