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NRIs get investment info centre

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BS Reporter New Delhi
Last Updated : Feb 05 2013 | 1:05 AM IST
The Ministry of Overseas Indian Affairs and the Confederation of Indian Industry (CII) today launched a "one-stop shop" for investment-related information for overseas Indians.
 
The centre, through its website and offices, will provide data on investment opportunities free of cost. It will also facilitate clearance of projects for a fee.
 
"The Overseas Indian Facilitation Centre (OIFC) will act as an one-stop shop for enhancing partnership with the Indians residing abroad by giving authentic and realtime information," said Minister for Overseas Indian Affairs Vayalar Ravi.
 
Besides providing a database of opportunities, the centre would offer advisory services related to consular issues and financial services, he said.
 
Based on a public-private partnership model, the OIFC is being promoted by the ministry and managed by the CII. It will operate as a "not-for-profit trust" with a two-tier body for management.
 
The centre would screen the opportunities available in the country before enlisting these for the Indian diaspora so that they do not fall prey to "fly-by-night operators" and cheats, Ravi added.

 

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