Govt urged to set up NRI zone - India News and Travel Times Provides India-centric and other News and Features

The Government was urged to create a non-resident Indian zone which could act as a magnet for overseas investments in various sectors during the Pravasi Bharatiya Divas (PBD) convention here on Saturday. A non-resident Indian from Riyadh, Syed Zia-ur-Rahman, chief executive officer of Yahind.com, today requested Prime Minister Manmohan Singh here through a memorandum. The memorandum calls on the government to explore the possibility of creating an NRI zone in the States from where a majority of the NRIs originate. "Since NRIs include a broad mix of professionals as well as those from the hospitality, service, commercial and industrial sectors, creation of NRI zones in different parts of the country would help in the speedy repatriation of our citizens on their return back home. WE request the Government of India to provide facilities to the retunees for setting up commercial establishments, especially for those who have working capital but lack entrepreneurial skills or aptitude," it states.