New India offers huge opportunities: Prime Minister Dr Manmohan Singh

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Projecting "new India" as a land of "enormous opportunities", Prime Minister Manmohan Singh today invited the diaspora to invest in the country and hoped an environment would be created in which the best of every Indian could find its fullest expression.

Inaugurating a three-day congregration of diaspora -- Pravasi Bharatiya Divas (PBD) -- he spelt out steps being taken for the benefit of people of Indian origin living abroad while asking Indian universities to be more open in accepting their children.

Efforts are underway to set up an overseas facilitation centre to serve as a source of investment advice for Indian investors settled abroad, he told the gathering of about 1,200 PIOs and NRIs from 50 countries.

Proposals to constitute a council for promotion of overseas employment and to set up a university for Persons of Indian Origin (PIOs) here are being considered by the government, Singh said.

"We in India wish to see you engaged in India's great adventure of building an India free from the fear of war, want and exploitation...I invite you to be active participants in this saga of great adventure and enterprise," he said at the fifth such annual conclave titled "Rooting for the Roots".

Noting that India has emerged as one of the fastest growing economies in the world, he said the country's progress creates enormous opportunities for cross-border flows of trade, capital and technology.