Is it possible to state the volume and worth of MoUs that have been signed?
We dont look at OIFC from the quantitative angle. Its main job is facilitation and hand holding. The substantial work that OIFC has done since its creation is the answering of queries both investment related and general, relating to overseas Indians. The numbers are impressive. The second stage in respect of many of these is engagement of consultants or actual facilitation of action on ground where other ministries of the Government of India or state Government departments or organizations or even providers of services come into play. We have consciously decided that we will not create a third wheel. We do not want to be following up with people who are implementing their projects, primarily because intervention by a Government agency is a nuisance. The important thing is to provide the service and the facilitation for those who need, as long as they need. Issues of racist attacks on Indians have been rife in 2009, not just in Australia but elsewhere. As a Ministry that is concerned wi
