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'Use NRIs connections for India's development'

NRIs were urged to use their networking in their adopted countries to boost India's economic development.
PTI | By Indo-Asian News Service, Kolkata
UPDATED ON JAN 15, 2005 08:30 PM IST

Members of the Indian diaspora were on Thursday urged to use their networking in their adopted countries to boost India's economic and social development by projecting the country's rapidly changing scenario.

Addressing a session on the second day of the three-day Partnership Summit 2005, organised by the Confederation of Indian Industry (CII), experts said the overseas Indians must aim at building brand India.

Purnendu Chatterjee, chairman of the private sector diversified business house Chatterjee Group, said India had several distinguishing and strategic advantages, which the Indian diaspora must project.

According to Chatterjee, it was time to ascertain whether the intellectual and financial assets of non-resident Indians were "critical or nice-to-have" assets.

He said although US-based Indians were not in a position to deploy much money since their risk-taking ability was limited, they would be able to influence others in the US to bring in money to India.

"They can provide technical inputs as they have skills and can help implement big ideas," said Chatterjee, adding the US has the abilities to convert ideas into products, financing infrastructure to invest and do risk assessment.

Sugata Bose, professor of History at Harvard University, said the Indian diaspora must learn from overseas Chinese to build partnership within India and in their home countries in order to intervene meaningfully in their motherland.

Bose emphasised the need for restructuring of educational institutions India in order to partner with institutions abroad and bring back distinguished alumni from abroad.

He said multiple areas of partnership in developmental efforts should be focused on providing access to primary education and healthcare, HIV/AIDS intervention and prevention and preventive oncology.

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