NRI Real Estate and Property Investment in India
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Northeast Seeks NRI Investment
Monday, January 07, 2008

Northeast joins the race to get maximum investment from the NRI's. Guwahati is all prepared to play host to a group of 70 overseas investors, including 50 NRIs, on the sidelines of the Pravasi Pradesiya Divas in New Delhi from tomorrow. The The first North East India Investment Summitcould become an annual event if the inaugural event lives up to the expectation.

The participants in the meeting will represent a group that is not only alive to the region's potential as an investment destination, but already has proposals for key sectors like education and tourism.

The two-day event which has been planned at Karambir Nabin Chandra Bordoloi Indoor Stadium in the Sarusajai Sports Complex will also try to build a networking partnership among NRIs, the Centre and industry.

Planned by DoNER and the Confederation of Indian Industry (CII) in association with the North East Industry Ministers' Forum and the Assam government, the summit will have delegates from the US, UK, Austria, Singapore, Australia, Thailand, Switzerland, Canada and the UAE.

The major sectors to be considered for investment are Real Estate, tourism, healthcare, urban development, education and energy and real estate. According to Abhijit Barooah, chairman of the CII's Assam council, as many as 25 specific proposals for investment were expected at the inaugural summit. The rest of the investors will be here to test the waters.

He further added that there are a significant number of proposals for investment in the social sector, too. These projects are backed by NRI's and are for a social cause. The list includes construction of low-cost houses, upgrading the industrial training institutes, finishing schools and grassroots-level education.

 

 

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