OIFC Engagement Meet focus on investment opportunities in India

The overseas Indian Facilitation Center (OIFC), a public private partnership between the Ministry of Overseas Indian Affairs and Confederation of Indian Industry (CII) formed to facilitate the economic engagement of the Indian Diaspora with India, is all set to host the 24^th OIFC Diaspora Engagement Meet in London in October.

The Meet will be bringing together industry leaders from India and UK to discuss business opportunities for both trade and investments between the two countries.The Meet will be a prelude to the Regional Pravasi Bharatiya Divas – London, with a focus to create avenues for greater interaction between the Indian industry and Indian Government with the High Networth Individuals (HNIs) from the UK on one hand and NRIs, PIOs and British businessmen on the other.

Led by Prem Narain, Secretary, Ministry of Overseas Indian Affairs & Chairman, OIFC, a strong high level delegation of policymakers and industry leaders is visiting London to acquaint the Indian diaspora with various investment and trade opportunities in India and to enhance the economic engagement of the Indian diaspora in the UK with India.

He said, “OIFC continues to see Europe, specially the United Kingdom as a very important geography – both from point of view of concentration of overseas Indians and for Indo – UK economic relations.”

Over 150 delegates from the UK are expected to participate in the Meet, which will include high net-worth members of Indian community in the UK; and senior and middle level Indian employees of established British businesses playing an important role in its operations; and British entrepreneurs/businessmen with India interest.

The OIFC Business Meet is in response to the renewed interest in India after the new government has announced a show of investment friendly measures eg FDI cap relaxation, labour law reforms, e-governance etc. The recently concluded OIFC meet in Bahrain also drew a very good response for potential investment.

The other key highlights of the OIFC Meet are:

Two B2B meetings on Skills and Manufacturing/ Infrastructure sector

One Roundtable session on Renewable Energy

OIFC will sign two Memorandum of Understandings (MoUs) with UK-India Business Council (UKIBC) and Gateway Asia

Release of following OIFC publications by the Secretary, Ministry of Overseas Indian Affairs and Chairman, OIFC:

Opportunities for Economic Engagement for Indian Diaspora in UK
Doing Business in India guide for Indian Diaspora

Deep Kapuria, Chairman, Hi-Tech Group is part of the business delegation from India
The Meet will share :

Government of India initiatives for the Indian Diaspora and invite the Indian community to participate in Pravasi Bharatiya Divas 2015, which will be held in Gujarat to mark 100 years of Mahatma Gandhi’s homecoming.
Make in India’ initiative of the Government of India
‘Clean Ganga Fund’ for Holy river Ganga Rejuvenation
Opportunities in Industrial corridors and smart cities
Metro Rail projects in India
Investment opportunities in different states of India