In a survey conducted in the US among the expatriates
from India, seventy-four percent had expressed their wish
to setup a business back home in India(Abhishek Pandey,
Alok Agrawal). But in reality, very few of them are able
to follow through and get involved. In this article, I
am proposing a road-map that Non Resident Indians (NRI),
the Government and local businesses can adopt to benefit
from the involvement of the diaspora. My recommendations
are based on my study of the diaspora activities in developing
countries like South Africa, Armenia, and Mexico. We have
created a website, (http://www.biharparishad.org) to implement
the recommendations included in this article.
am writing this as I prepare to leave for India to attend
the Bihar Global Meet being held in Patna, on January
19 to January 21. Emigration of skilled manpower from
developing countries to developed countries is a world-wide
phenomenon, the US being the biggest beneficiary. Several
economist have tried to estimate the direct and indirect
financial losses to the home country resulting from this
phenomenon. The losses are substantial.
some, who had left for greener pastures, do come back
and try to give back to their motherland. The last decade
has witnessed significant increases in the number of non-resident
Indians doing that. Then there are those who have not
done so but harbor strong desire to do so. As I had mentioned
earlier, 74% Indians living in the US had expressed their
desire to setup business back home in a survey. The Indian
diaspora is truly wealthy. According to a research conducted
by the World Bank, the earnings of twenty million-strong
Indian diaspora is equivalent to about two-thirds the
GDP of one billion Indian people.
dilemma for the majority of the 74% US NRIs is how to
get involved. Remittances to family is the most common
mode of showing love for the homeland. NRIs often dream
about making large direct financial investment in India.
Government officials often expect direct financial investment
when they approach NRIs. Research in Mexico and several
other countries have emphatically shown that remittances
, though a noble act, boost consumption but do not bring
long term economic growth. Large direct financial investment
is beyond reach for most individual Non-Resident Indians
when they are wealthy because the sum required for setting
up an industry may be several million dollars.
there is another way for the NRIs to get involved in India.
That is by way of sharing knowledge or by Brain Exchange.
Experiments in several countries like Armenia, South Africa
and Mexico has proved that Brain Exchange through formation
of a Diaspora Network can bring tremendous advantage to
a country like India.
plays an increasingly critical role in scientific, technological,
and business endeavors. It powers the emerging knowledge
economy. In response to the increasing value of knowledge,
the industrial countries have made significant changes
in their productive structures, directig the dynamics
of innovation in order to facilitate the generation, circulation,
and capture of knowledge. Developing countries like India
and regions like Bihar need to recognize this fact and
is already such a powerful organization call the Indus
Entrepreneur (http://www.tie.org/) that is dedicated to
mentoring entrepreneurs in India. Because of the ethnic
make up of the organization, it is non-existent in states
like Bihar or UP while being very active in the southern
part of India.
this article, I am proposing that we emulate the experiments
from Armenia and Mexico by creating the Indian diaspora
for the benefit of India, and specifically Bihar.
Armenian experiment created a network of professionals
comprising of Armenians living abroad, local business
men, and in some cases, government officials. The experiment
in Mexico created cells or subdivisions of bigger foundations
at the level of cities. These cells comprise of expatriates,
local influential people, and government officials.
a network or foundation for Bihar can do the following.