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India is a land of opportunity that places premium on enterprise and creativity.I invite you, the Overseas Indians, to make use of the investment and business opportunities that india now offers. This is the time for all of us to become strategic partners in India's progress. By Dr. Manmohan Singh, Hon'ble Prime Minister of India
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Newsletter: August 2010

August 20, 2010
India Connect
Intertwining Diaspora Wealth & Intellect with the Nation's Progress

ourservices

OIFC provides services including live chat, query redressals and free registrations. Be part of investing in India through our online platform - seek one-on-one online Live Help from our facilitators or Ask our handpicked knowledge experts specific queries. Register and avail of our investment consulting and facilitation services.
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IndiaFact

The total requirement of skilled work force in India is expected to reach 300 million by the year 2022 with the projected incremental human resource requirement highest in textiles industry followed by construction and healthcare.

InFocus

Skills Development & Training
India has over 350 million youth (age 15-35). Around 12.8 million are being added to the labour force annually. With the current capacity to train about 3.1 million youth, the country offers a huge potential for investment in skills development and training...
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investmenttrends

Foreign direct investment trends - April 2009-May 2010
The cumulative amount of FDI inflows to India from April 2000 to May 2010 aggregates up to US$ 168.94 billion, according to the latest data released in May 2010 by the Department of Industrial Policy and Promotion (DIPP).

Amount of FDI equity inflows during financial year 2010-11 from April to May 2010 is registered at US$ 4.43 billion. The amount of FDI equity inflows in May 2010 alone stood at US$ 2.2 billion...
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yourquery

Q: We are working with a partner who would like to set up a finishing school in India. We are wanting to know which would be the best city for such type of school, Pune, Bangalore etc. We need to access research in this area and how can you help?. Or can you find an expert who can advise.

A: Both Bangalore and Pune are cities with the required critical mass in terms of 'new age' companies and relatively younger employees who need finishing. WealthTree has managed several assignments involving partner selection and market research and will be happy to provide the required assistance.

(Answered by OIFC's Knowledge Partner, Wealth Tree Advisors Pvt Ltd)
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policy&newsupdates

Cotton exports allowed without licence from October 1, 2010
According to a notification issued by the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, the government has allowed export of cotton with effect from October 1, 2010 without the required licences even though it needs to be registered with the authorities concerned...
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OIFC, through IndiaConnect, endeavours to bring to you the latest on the Indian economy and investment trends. India maintains an overall positive economic outlook driven by over 30% increase in India's exports and a 3.4% rise in the index of six core industries. Read our Economy Watch section to know more.

In this issue, we provide you with a special feature on skills development, which addresses the growing need to create skilled manpower in India.

OIFC, actively driven towards understanding the facilitation needs of the global Indian investors, offers a focussed business networking platform, inviting you to register for your business needs. Sign in to become a part of the Indian investment community today and avail its specialised services.

Register today & Connect with India!

CEO Sign
Shefali Chaturvedi
CEO
Overseas Indian Facilitation Centre
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OIFC is a not for profit public private initiative between the Ministry of Overseas Indian Affairs (MOIA) and the Confederation of Indian Industry (CII) aiming at expanding the economic engagement of the Indian diaspora with India.