Monday 18 August 2008

Gulf meets on turning Indian remittances into investments

August 18th, 2008 - 7:53 pm ICT by IANS - Email This Post Email This Post

Dubai, Aug 18 (IANS) Two investor meets will be held in the Gulf in November this year under an Indian government initiative to help overseas Indians channelise their remittances into actual investments back in the country.The Overseas Indian Facilitation Centre (OIFC), a single window investment facilitation centre set up under a public-private partnership between the Ministry of Overseas Indian Affairs (MOIA) and the Confederation of Indian Industry (CII), will hold these two meets in Dubai and Oman’s capital Muscat.

These will be part of a series of investor meets the OIFC will be holding in places across the world with significant Indian population.

“A curtain-raiser event of these investor meets was held in Oman Sunday,” an official in the Indian embassy in Muscat told IANS. [Read more]

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