The text of Prime Minister’s speech on the occasion of inaugurating the Second Pravasi Bharatiya Divasconference

"I am delighted to be with all of you once again at this inaugural function of the second Pravasi BharatiyaDivas. I still carry the memory and melody of that occasion, exactly a year ago, when we were left enchantedby the jugalbandi of Ustad Bismillah Khan’s shehnai and Pandit Ravi Shankar’s sitar. What they togethercreated was both soul-stirring music and a pointed metaphor and we felt the same way today as we heard anotherenchanted Jugalbandi by L. Subramaniam and Sultan Khan. It reminded us that Pravasi Bharatiya Divas itself isa celebration of the jugalbandi between the 22-million strong Indian Diaspora and your motherland, between theBharatvasis and the Bharatvanshis.

Together we constitute the Global Indian Family. Together, we are announcing the arrival on the world stage ofa Shining India, an India that has resolved to regain her past glory and indeed surpass it, an India that willboth be an economic powerhouse and a major contributor to humanity’s all-sided evolution to a higher level.I extend a warm welcome to President Bharrat Jagdeo of Guyana. He is an outstanding example of the newgeneration of Bharatvanshis. I thank him for having so readily agreed to be the Chief Guest at this SecondPravasi Bharatiya Divas.

I heartily congratulate all those who have been honoured with this year’s Pravasi Bharatiya Samman Award.This year we have conferred the Award, posthumously, on Kalpana Chawla. She epitomized the values that are solaudable in overseas Indians. A daughter of India, she became an exemplary citizen of the US and went on tobecome a Citizen of the Universe. Her journey from Karnal to the Cosmos will continue to inspire young Indians– indeed, young people all over the world. I am especially happy that her husband is amongst us to receivethe Award.

In honouring the 12 individuals with the Pravasi Bharatiya Divas Samman, we do honour the entire IndianDiaspora. Your varied successes and accomplishments fill every Indian with joy and pride.

For example, who would have thought that the average income of an Indian American would be 50 per cent higherthan the national average in USA, especially since most of the Indian immigrants who went there in the ‘60sand the ‘70s had less than 10 dollars in their pocket? Also, who would have thought that nearly half of theRs. 55,000 crore remittances from NRIs so far would come from our nearly 25 lakh emigrant brothers and sistersfrom one single Indian State, Kerala? Today almost the entire services sector in the Gulf, which is one of theworld’s richest regions, is handled by Indian technicians, nurses, teachers and scores of otherprofessionals.

India’s achievements in information technology have attracted the attention of the entire world. And theseinclude the achievements of both Indians in India and Indians overseas. Not a week passes without some newsitem or some comment in western countries about India having emerged as the preferred place for IT-enabledservices. Sometimes this is also projected as a loss of jobs to India. However, these fears are misplaced. Intoday’s highly competitive global markets, it is natural for companies and organizations to use technologyand internationally available human resources in ways that enhance their efficiency. What India’s trainedmanpower is offering through IT-enabled services is a win-win situation for both India and the sourcingcountries.

All these achievements have been possible because of the hard work, competence, integrity, and unwaveringloyalty to your host country that are the common attributes of the Indian Diaspora in all parts of the world.These attributes, and the successes that they have bred, have no doubt raised the stature of the Indiancommunity in your respective countries. But, collectively, they have also brightened India’s image in theworld.

Friends, as we take delight in the growing successes of the Indian Diaspora, it is instructive not to forgetthe pain and sufferings that early Pravasi Bharatiyas had to go through. In many countries, such as Mauritius,South Africa, Caribbean Islands and Fiji, our forefathers were taken as indentured labourers. The injusticemeted out to them remains a dark chapter in India’s history. At the same time, their determined struggleagainst adversity is a source of inspiration for all of us. If our forefathers were the victims of want andexploitation, our children and grandchildren will be the trailblazers of prosperity and a new era in humandevelopment marked by justice and universal brotherhood.

Friends, we have assembled here after the passage of one year. During this period, India’s development hasgained further momentum. In 2003, we were already one of the fastest growing economies in the world. In 2004,we have got closer to our target of 8 per cent GDP growth rate. Last month, our forex reserves crossed $ 100billion. We are prepaying our external loans. From an aid-seeking country, India is now emerging as anaid-giving country.

There was a time, not long ago, when many people in India bemoaned the phenomenon of "Brain Drain". Todaya large number of highly qualified and successful Indian professionals are returning to India because they seethat India itself has now become a land of opportunity and achievement. Foreign companies and businesses nowlook at India as an important emerging market and are keen to invest here. At the same time, there has alsobeen a reverse phenomenon. The year 2003 has seen many Indian corporates emerging as global players withimpressive investments overseas and acquisitions of companies abroad.

To further reinforce this process, I am happy to announce that Indian corporates will hereafter be freelypermitted to make overseas investments up to 100 per cent of their net worth, whether through an overseasjoint venture or a wholly owned subsidiary. The current restrictions including a ceiling of US $ 100 millionare hereby being lifted.

Similarly, we have decided to permit – indeed, encourage – Indian corporates to go global in theagriculture sector. Accordingly, the existing restrictions on Indian corporates to undertake agriculturalactivities abroad, whether directly or through an overseas branch, will be removed. This will enable Indiancompanies to take advantage of global opportunities and also to acquire technological and other skills foradoption in India.

Sisters and Brothers, as you are aware, positive winds are blowing in India’s external environment. I havejust returned from a landmark summit meeting of SAARC countries in Islamabad. The conclusion of a South AsianFree Trade Agreement will herald a new era of trade and economic cooperation in this region.

These, coupled with our achievements in the economic field, have palpably elevated India’s standing in theworld community. They have also opened up exciting new possibilities and opportunities – both for Bharatiyasand Pravasi Bharatiyas. I invite all of you to avail these rapidly expanding opportunities and possibilities.

I assure you that, in the years to come, India will surprise the world even more by taking longer and bolderstrides ahead. Of course, we are well aware of the many daunting challenges that lie ahead of us. Inparticular, we want to eradicate poverty faster. We recognize it as our moral and Constitutional duty. At thesame time, it is also a precondition to reaching our goal of making India an all-sidedly Developed Nation by2020. In this endeavour, we seek your ideas, your suggestions and your participation. Above all, we seek yourbest wishes.

In the year that has passed by, my Government has worked with steadfast attention to implementing the promisesmade at the first Pravasi Bharatiya conference. We have recently enacted the Citizenship Amendment Bill, whichprovides overseas Indians in 16 countries the possibility of applying for dual citizenship. I would like toclarify that these 16 countries were chosen because their legal systems were compatible with the concept ofdual citizenship and there is a strong representation of people of Indian origin in these nations.

We have always been concerned with the welfare of those Indian workers who travel to distant shores in searchof higher remuneration. In fulfillment of the promise I made last year at this very forum, a compulsoryinsurance scheme, called the Pravasi Bharatiya Bima Yojana, for Indian workers migrating to the Gulf regionand South East Asia has been introduced since 25th December 2003.

The education of our children is a matter of great concern to any Indian parent. I am happy to inform thatIndian workers in the Gulf and South East Asia who have had to leave their children behind in India would nowenjoy the facility of one-third reservation out of the 15% supernumerary seats across different disciplines ineducational institutions. Further, children of NRIs in the Gulf would not be required to pay NRI fees. Theywould be treated at par with resident citizens.

Today I am pleased to make an announcement which addresses yet another important recommendation of thehigh-powered committee headed by Dr. L.M. Singhvi. I have heard many of you say that there should be apermanent centre to deal with the multifarious needs of the diasporic community. Accordingly, the Governmenthas decided to set up a Pravasi Bharatiya Kendra in New Delhi, for which we will provide a suitable plot ofland and a seed grant of Rs. 25 crore. The responsibility of running it will be entrusted to an autonomousbody, which will also raise additional resources from members of the Diaspora.

The Government has also decided to install commemorative plaques at ports and places from where significantnumber of Indians left for foreign lands.

I am happy to note that youth is one of the main themes of the Pravasi Bharatiya conference this year. We havegreat faith in the abilities of young people of Indian origin all over the world. At the same time, we feel asstrongly as all of you that it is essential that they be exposed to the land of their forefathers in order forthem to see, understand and comprehend their Indianness. We have therefore decided that each year a group of50 second or third generation Indian youth from different countries will be invited to visit India for 2weeks. They would participate in the Pravasi Bharatiya Divas function and also visit 2-3 other States inIndia.

My dear friends, you have come to Delhi when the winter has been particularly cold. But as far as India’sperformance and prospects are concerned, you can see that it is springtime everywhere. The whole world islooking at India with admiration and hope. As the largest democracy rapidly achieving all-round development.As the cradle of civilization becoming a laboratory of unity in diversity to a shrinking world. Whenever Ihave interacted with members of the Diaspora during my travels abroad, I have heard them say that there neverwas a better time to be an Indian and never a better time to be in India.

You are our ambassadors in the countries you have chosen to make home. Given your links with India and yourstature in your home countries, you are in an unique position to explain what India is, and what India can be,to the audiences in your countries. I therefore urge each and every one of you to take on this role of anearnest ambassador.

With these words I open the second Pravasi Bharatiya Divas conference and wish it every success."