'Indian diaspora can bring more investments'

Singapore, Oct 11: UAE-based Indian businessman M A Yusuf Ali on Saturday, Oct 11 said the Indian diaspora is one of the most economically successful groups anywhere in the world and they have been instrumental in the socio-economic developments in their home country.

Speaking at the Pravasi Bharatiya Divas here, Mr Ali said the large presence of Indians in countries all over the world has given added importance to our bilateral relations with these countries. The Non-Resident Indians and the People of Indian Origin have proved extraordinary assets for India as well as for their adopted countries. They have been able to earn a special place for themselves in those countries through their hard work, honesty, commitment and a peaceful lifestyle.

''As an employer of a group having more than 20,000 employees out of whom 14,000 are Indians, I can strongly say that the image of the Indians on foreign soil is very high. They are hard working and are equally liked by the people of their host countries,'' Mr Ali said.

Referring to the recent financial turmoil in the US and Europe, he said the Indians working in Gulf countries were not affected.

He was sure that the future of the Indian economy is very strong and is progressing. Though many countries faced deep economic crisis recently, the financial markets of Singapore, India and West Asia are in a better position.

He said Singapore, considered as the business hub of the Far-East, is a model to other countries in terms of infrastructure, industry, tourism and in the field of re-exports.

The new economic policies have attracted members of the Indian diaspora to invest in India. At the same time, he was a bit skeptical about bureaucratic delays and said was happy that the government of India was working to further simplify the process.

UNI