Believe it or not.
Ramesh:
First some facts.
1.
Approx.35-40% of India's energy needs are met by domestic production. There is ample scientific evidence now that she can meet 100% of the needs if the government get off its ass and do something about it like rapid deployment and implementation of pragmatic policies.
Some 30% or so of available energy is wasted for lack of poor,inept or corrupt management.
India spends 24 billion dollars or so per year now for importing crude and other related products and this is the only major expenditure in hard currency which is currently met by export revenues.
2.
It is estimated that NRIs have some +300 billion dollars in assets but but much of it invested in other countries in various forms due to the governments half-ass policies thus far.But still during the early 90s when India was about to default on her loans it was the NRIs who came through to some extent. Since then the NRIs investments accounts for a great portion of the governments foreign currency reserve in one form or the other.It should be easier for a government with a vision, ideas and willingness to execute policies that can help the country, to attract a heck of lot more money.
Still the Mittals,Ambujas and Swaraj Paul of the Caparo Group of UK and many others of that caliber including less wealthy NRIs have invested a lot of money in the country perhaps not as much as the Overseas Chinese Residents.
There has always been a coordinated effort from the heavy weight NRIs from the UK,USA,Thailand,Africa,Hong Kong,Malaysia etc to help the country,and a lot of them have already invested lot of money in plant and equipment by starting many businesses.If the current government plays their card right a lot of things can be done by these people.The NRIs of a 'lesser' caliber are doing their thing knowingly or not and a lot of others are investing in various forms as well,in wind energy,power generation,software enterprises,real estate investments,hospitals,and other businesses.
But with this recent euphoria about the 'bomb' thing and sanctions etc a lot more are a coming together in a much bigger way to find ways to help the country get through in a difficult situation.
I am sure many of you know much more about this sort of thing than I and I hope you put down your thoughts here so we know what is going on.
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