NRI investors critical components for transformation of India

Speaking at the launch of its report "Future of India – The Winning Leap', in Singapore, Pricewaterhouse Cooper executive director Shashank Tripathi said cash rich NRIs who can invest in India for up to 20 years are critical components for the transformation of the country and developing its economy, and NRIs should take part in the development of the economy over the longer term and provide their wealth and technology knowhow. Tripathi also urged NRIs to get their children and prodigies to reconnect with India for they are part of the Indian heritage. The government is doing everything possible to have NRI's feel welcome, he said, and called on NRIs to understand various challenges for working in India where the legal system varies from state to state. He pointed out that the government offers plans, especially for the manufacturing sector under the 'Make in India' initiative and investors should take all opportunities to participate in the sector, as it has done for the IT sector 20 years ago. This was PWC's first international launch of the report that was first launched in India in November.