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PM invites Malaysia-based NRIs to invest in India
By TII News Service
Oct 29, 2010 , Kuala Lumpur

    

WHILE addressing the Indian Diaspora at Indian Community Reception in the Malaysian Capital, the Indian Prime Minister, Dr Manmohan Singh, said that ''Today India is on the move. We are in the midst of a major transformation in addressing our developmental challenges within a democratic framework ... India offers a growing and vibrant market, young work force, and an attractive destination for foreign investors. We are already a trillion dollar economy. We are aspiring for a growth rate of 9-10% per annum. As our economy expands and creates more opportunities, it provides a new platform for collaboration between India and overseas Indian communities. I invite you to make use of these new investment and business opportunities in India in the best manner that you can.''

Dr Singh said that the Pravasi Bharatiya Diwas is now a full-fledged mechanism for reaching out to our overseas community. The Indian Ministry of Overseas Indian Affairs runs a Diaspora Scholarship Scheme that offers scholarships to PIO and NRI students studying in Indian universities. About one third of practicing Malaysian doctors have obtained medical degrees from India. Some Malaysian Universities have now begun collaborating with Indian Universities to develop twinning programmes, particularly in medicine and engineering.

The PM announced a contribution of Rs 5 crore to augment the Indian Scholarship Trust Fund, which will raise the corpus to Rs. 7.55 cr. The Fund was set up by Pandit Jawaharlal Nehru in 1946 to provide assistance to Malaysian Indian students. At the request of the Indian community in Malaysia, Dr Singh announced 20 scholarships for Malaysian students to pursue courses in traditional system of medicine in India.

 
 
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