"It is unfortunate that some political worshippers (rajnaitik poojari) of black money are calling our efforts anti-people," he said in his address at the 14th edition of Pravasi Bharatiya Divas (PBD) here.
Modi said the government had taken up 'a big fight' against corruption and blackmoney, which had been gradually making the polity, society and administration "hollow".
"...You might have noticed and heard that we have taken up a big fight against black money. Black money and corruption are making our polity, society and administration hollow gradually," he said at the three-day event, which is being billed as the largest ever.
Emphasising the role played by overseas Indians in the country's development, the Prime Minister said they have made an "invaluable contribution" to the Indian economy by investing about 69 billion US dollars.
"For me, FDI has two definitions -- one is 'Foreign Direct Investment' and the other is 'First Develop India'," he said, asserting that "I can say with full confidence that 21st century belong to India."
Indian origin Prime Minister of Portugal, Antonio Costa, was the chief guest at the convention, which was attended by Chief Ministers of several states including Siddaramaiah of Karnataka, partner to the event, and central ministers.
Noting that the Indian diaspora represents the best of
Indian culture, ethos and values and is respected for its contributions, Modi said the welfare and safety of all Indians abroad was his government's "top priority".
"The security of Indian nationals abroad is of utmost importance to us...Security of all Indians abroad is top priority," he said.
"Hum passport ka colour nahi dekhte khoon ka rishta dekhte hain (We don't see the colour of the passport, but see the blood relation)," the Prime Minister said.
Modi said remittance of close to USD 69 billion was being made annually by overseas Indians which makes an invaluable contribution to the Indian economy.
"We welcome all your efforts that seek to strengthen India's partnership with the overseas Indian community," he said.
India's IT capital is hosting what has been touted as the largest convergence of Indian diaspora, with more than 6,000 delegates from across the world registering for the event.
PBD aims at providing a platform to overseas Indians to engage with the government on issues of concern to the diaspora and to explore opportunities for investment in India and contribution to the country of their origin.
The convention being held biennially for the first time instead of earlier annual versions, aims at redefining India's engagement with its 3.12 crore strong diaspora in diverse spheres, including innovation, start-ups, tourism and education.
President Pranab Mukherjee will confer Pravasi Bharatiya Samman awards on January 9, the concluding day of the event.
Vice-President of Suriname Michael Ashwin Satyandre Adhin (36) was the special guest at the Youth PBD yesterday, in which he highlighted India's potential to be a "Vishwa Guru" once again.
of indirect taxes through proposed GST are being projected significantly by the government at the event which is being attended by a battery of Union ministers.
The PBD was launched by the Vajpayee government in 2003 to step up India's engagement with its diaspora and the congregation of NRIs and Persons of India origin had continued as an annual event till 2015.
Last year, the government decided to make it a biennial event.
January 9 is the main day of PBD as it was on this day in 1915 that Mahatma Gandhi, the "greatest Pravasi", returned to India from South Africa and led the country's struggle for freedom.
The conclave also has provisions for business-to-business meetings.
Karnataka, as a partner state, has a session on start-up eco system and on investment opportunities in the state.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
