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2012 saw new schemes for overseas Indian workers

Source : PTI
Last Updated: Tue, Jan 01, 2013 05:06 hrs

New Delhi: A pension and life insurance scheme for Indian workers abroad, signing of social security pacts with a number of countries and unfulfilled promise of streamlining the immigration process marked 2012 for the Overseas Indian Affairs Ministry.

Fulfilling a long-standing demand, Prime Minister Manmohan Singh in January announced the pension and life insurance scheme for overseas Indian workers to benefit over 5 million workers, especially those in the Gulf, and help them save for their return, resettlement and old age.

As the economy slowed down, the ministry, which looks after issues linked to diaspora, tried to reach out to Indians abroad seeking their support in bolstering the economy while highlighting its resilience.

The ministry organised a Mini Pravasi Bhartiya Divas in September in Mauritius to woo potential investors by projecting the wave of reform initiatives that the government took to bolster the economy. Mauritius is the top source of FDI in India, accounting for nearly 45 per cent of the total foreign investment.

In the Pravasi Bhartiya Divas, the annual congregation of Indian diaspora, held in Jaipur earlier in the year, the then President Pratibha Patil pitched for harnessing private investments in areas of health, education and skill development and asked the overseas Indian community to be partners in the country's development.

Chief ministers of several states, including Gujarat, tried to woo more investments from overseas Indians by flaunting developmental initiatives launched by their respective governments and concessions offered to entrepreneurs.

They also assured NRIs and PIOs that their states would be more than willing to facilitate if they wish to invest in any sector thus contributing to the overall development. 



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