(a) whether there has been a decline in investment by Non-Resident Indians (NRIs) in the
country over the years;
(b) if so, the total investment inflows from individual NRIs during the last three years and
the current year, year-wise; and
(c) the steps taken by the Government to promote investment in the country by Overseas Indians?
MINISTER OF OVERSEAS INDIAN AFFAIRS (SHRI VAYALAR RAVI)
(a): No, Madam, no declining trend is seen from the figures available so far.
(b): Does not arise.
(c): The Ministry of Overseas Indian Affairs has established an organization, namely
Overseas Indian Facilitation Centre (OIFC) in 2007, to facilitate potential NRIs and overseas
corporate bodies of overseas Indians that desire to invest in India. OIFC has organized several
Investment and Interactive Meets / Road shows in different countries and also organised ‘Market
Place’ during Pravasi Bhartiya Divas (PBD) in India. An electronic portal has also been launched
by the Ministry to reply to the queries of potential overseas investors by OIFC and its knowledge
partners to promote and facilitate economic engagement by Overseas Indians.
The annual PBDs and regional PBDs also provide a platform for facilitation of investment by
overseas Indians.