New initiative to facilitate US NRI investments launched

10-Oct-2015 #India-US,#Economy & Trade Source: Money Control
During his New Delhi visit early this year, President Barack Obama had announced to introduce a new initiative that can make it easier for the Indian diasporas to invest in small and medium businesses in India. Following the Prime Minister Narendra Modi's trip to Silicon Valley last month, the initiative got impetus and it has been launched recently in partnership with US Agency for International Development (USAID) and Calvert Foundation. The initiative called The Indian Investment Initiative (III) will focus on key areas that Obama and Modi agreed to continue working towards when they signed the UN Sustainable Development Goals last week.
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