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| PBD to pen growth story |
| Over 1,000 people from about 45 countries have registered to attend the event.
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| INDIA
, 8-January-2008
2:26:30 AM |
| The sixth annual jamboree of the global Indian family kicks off in New Delhi on Tuesday.
Representatives of an estimated 25 million diaspora spread across the world will brainstorm with officials and leaders of business and society to look for ways to contribute to the Indian growth story.
The idea of an annual conclave, to be called the Pravasi Bharatiya Divas (PBD), was first recommended by the High Level Committee on the Indian Diaspora in 2002.
The following year, the first PBD was held from Jan 9-11, inaugurated by then prime minister Atal Bihari Vajpayee, to commemorate the anniversary of the return of the most well known non-resident Indian, Mahatma Gandhi, to India to lead the freedom movement.
Over the years, the PBD has become the platform for the Indian government to announce initiatives to woo overseas Indians, who as they grew in profile and stature in the countries in which they settled, also looked for ways to 'give back' to their native country.
Among the initiatives announced by the Indian government so far, the most significant has been the Overseas Citizens of India card - which allows for visa-free travel to India as well as right to buy certain kinds of property.
Last year, Prime Minister Manmohan Singh had announced the setting up of a PIO (people of Indian origin) university, an Overseas Indian Facilitation Centre (OIFC) and Council for Overseas Employment Opportunities.
The OIFC was set up in August 2007 and is now getting an increasing number of queries on investment, tax and real-estate procedures, while the union cabinet has to approve the name of an operator, recommended by a government committee - to start and run the PIO university.
PBD has now tried to make the conference more focused by compressing the event to just two days - from a three-day event - to make it less of a talking shop and more a business-like forum.
Over 1,000 people from about 45 countries have registered to attend the event.
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