NRI invested $4.6b Since 2000 in $2000b+ Corporate India
January08, 2015 (C) Ravinder Singh ravinderinvent@gmail.com
PM speech at Bharti Pravasi Divas is on is largely focused on Visa On
Arrival but not on Restrictions on NRIs limiting NRI investment to 1%
and all NRIs to 5% of Market Cap of the Indian Companies and Companies
Didn’t Register their shares automatically was introduced when BJP
government was in power in three installments – it was called
‘Takeover Code.’ I unsuccessfully Campaigned Repeatedly Against it to
PN Bhagwati Committee & also after Report was out and implemented.
Foreign remittances alone are $70b last year but NRIs are not
Permitted to invest in Indian Companies – but in the meanwhile
Corporate Promoters Through Manipulation took over the Equity of most
Indian Individuals also.
Indians – Residents and Non Residents have Practically No Equity in
SEBI Listed Companies. Dedicated PROGRAM to PROMOTE NRI INVESTMENT IS
NEEDED.
India Wealth $3605b – Corporate Market Cap $2000b – NRI $4.6b
NRI Remittances and Bank Deposits of Indians were Channeled in to
FUNDING growth of Companies – By Inflating Capital Cost – Promoters
Contribute Nothing. Global Wealth Report Indian Median Per Adult
Wealth at $1006 only even Pakistan Median Wealth is $2384. NRIs
invested $4.6b in all since 2000 but get just $100m as DIVIDEND for
their Investments in Corporate India.
China promoted China Non Residents to Invest in New Technology &
Companies – India Didn’t – Very Few ACE NRIs returned and Invested in
India.
Naresh Trehan who may have Performed 50,000 Open Heart Operations
Could Establish His Own ‘Medanta Hospital’ after 20 years of work in
India.
Most of NRIs – over 80% Belongs To Rural India Which is in TOTAL
NEGLECT Because Brightest Indians from Rural India Could Not Find
Rewarding Opportunities India and Migrated to Developed Countries,
Labor to Gulf & Commonwealth.
Dedicated NRI Projects & Programs
1. Let NRIs invest in India Up To 100% in Projects, Buy Land in Rural
Areas for Setting Up Industries, Factories, Food Processing, Housing,
Hospitals, Schools & Colleges and R&D Centers.
2. Let NRIs FREELY INVEST IN PROPERTY & BUSINESSES IN URBAN INDIA.
3. Let Foreign Remittances of NRIs be POOLED and Invested in NRI Projects.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, New Delhi-110016, India. Ph; 091- 9718280435, 9650421857
January08, 2015 (C) Ravinder Singh ravinderinvent@gmail.com
PM speech at Bharti Pravasi Divas is on is largely focused on Visa On
Arrival but not on Restrictions on NRIs limiting NRI investment to 1%
and all NRIs to 5% of Market Cap of the Indian Companies and Companies
Didn’t Register their shares automatically was introduced when BJP
government was in power in three installments – it was called
‘Takeover Code.’ I unsuccessfully Campaigned Repeatedly Against it to
PN Bhagwati Committee & also after Report was out and implemented.
Foreign remittances alone are $70b last year but NRIs are not
Permitted to invest in Indian Companies – but in the meanwhile
Corporate Promoters Through Manipulation took over the Equity of most
Indian Individuals also.
Indians – Residents and Non Residents have Practically No Equity in
SEBI Listed Companies. Dedicated PROGRAM to PROMOTE NRI INVESTMENT IS
NEEDED.
India Wealth $3605b – Corporate Market Cap $2000b – NRI $4.6b
NRI Remittances and Bank Deposits of Indians were Channeled in to
FUNDING growth of Companies – By Inflating Capital Cost – Promoters
Contribute Nothing. Global Wealth Report Indian Median Per Adult
Wealth at $1006 only even Pakistan Median Wealth is $2384. NRIs
invested $4.6b in all since 2000 but get just $100m as DIVIDEND for
their Investments in Corporate India.
China promoted China Non Residents to Invest in New Technology &
Companies – India Didn’t – Very Few ACE NRIs returned and Invested in
India.
Naresh Trehan who may have Performed 50,000 Open Heart Operations
Could Establish His Own ‘Medanta Hospital’ after 20 years of work in
India.
Most of NRIs – over 80% Belongs To Rural India Which is in TOTAL
NEGLECT Because Brightest Indians from Rural India Could Not Find
Rewarding Opportunities India and Migrated to Developed Countries,
Labor to Gulf & Commonwealth.
Dedicated NRI Projects & Programs
1. Let NRIs invest in India Up To 100% in Projects, Buy Land in Rural
Areas for Setting Up Industries, Factories, Food Processing, Housing,
Hospitals, Schools & Colleges and R&D Centers.
2. Let NRIs FREELY INVEST IN PROPERTY & BUSINESSES IN URBAN INDIA.
3. Let Foreign Remittances of NRIs be POOLED and Invested in NRI Projects.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, New Delhi-110016, India. Ph; 091- 9718280435, 9650421857
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