This refers to the report "CMs hard sell their states to NRIs" (January 10). Chief ministers of many states, who participated in the 13th Pravasi Bharatiya Divas at Gandhinagar, Gujarat, were at the height of their enthusiasm to extend investor-friendly environments to NRIs and attract large-scale investment. The positive enthusiasm and pro-business attitude of the CMs should be translated into visible results. The policies and reforms implemented by the central government have flashed the message that India is an investment destination and will remain investor-friendly.
High net-worth individuals, doing business or engaged in other vocation abroad, are a source for large-scale investment. The segment of wage-earning individuals is remitting its earnings for family expenditure, investing in land and other financial assets. At a time when many such individuals are losing their jobs, especially those working in Gulf countries, the government should look to create more employment opportunities to rehabilitate them. The central and state government need to formulate policies and plans without any delay to channelise remittances from such individuals for productive purposes. The state government's proactive approach towards central government policies will boost the sentiments of the investing NRIs, and subsequently improve the flow of funds to India.
V S K Pillai Kottayam
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