Tuesday, January 15, 2008

Indian diaspora-PIO Meeting


The Indo-Mauritian relationship is a special one. Both culture and history have coalesced to forge singular bonds, assiduously knitted over millenniums, to unfold a unique blend of camaraderie, entente and trust.  These have been consolidated by regular exchanges between our two people and frequent visits of high dignitaries.
One of the distinguished visitors even eulogised Mauritius as a "Great Little Country". Perhaps she meant that little Mauritius, though not an exact replica of Mother India, had successfully imbued the centuries-old traditions and philosophies of one of the most ancient civilisations in the world.  Without the expanse of the Indian sub-continent, extending from Kashmir (Kargil) to Kanyakumari, to imbibe the prodigious legacy of  the Indus Valley civilisation, the Harappans and  the Indo-Aryans and non-Aryans, little Mauritius could still boast of harbouring the great religions that have peopled the world and of having preserved the purity of traditional culture and the Dharma-Moral law. It is perhaps in this sense that the little country became great. The Dharma not only taught us how to live with the mind-boggling diversities of a multi-lingual and multi-cultural nation-state but also to learn to cherish such diversities.  In another sense that the little joins in to the Great is in the shared belief of the outstanding virtue of democracy.  Democracy, in both Little and Mother India, has not only survived the vagaries of time but has deepened over the years to establish itself as the only form of political organisation supple enough to accommodate the diversity of our societies. Thus our special relationship goes beyond the emotional ties of the five millennium of a common cultural heritage and legacy. It is rooted in the more concrete practical realities of a trusting partnership sharing a common vision of the local and the global economy and the framework for a comprehensive development agenda for the third millennium.

These links have continuously been affirmed by the valuable and relentless commitment to an informed understanding of the depths of our historical tradition and heritage.  The Great Little Country, harbouring the great civilisations that have peopled the world, can still boast itself for having preserved the purity of their traditional cultures and values such that the Mauritian today sources himself from East as well as West, equally at ease with stalwarts ranging from Voltaire to Premchand and ensuring that the twain does meet.

The varied nature of the Mauritian delegation at this meeting gives a special meaning to the interplay between culture and economics.  If globalisation exercises such a hold over the imagination of people as it disseminates its culture of leisure and affluence, it also discloses the importance of cultural ties in boosting trade and investment.  In the olden times, culture followed trade through the Silk Route.  Now it is working the other way round.  The High Performing Asian Economies hooked themselves to the overseas Chinese business networks, the so-called Bamboo Networks, and as India lurches forward with its vast reservoir of “jet-setting globalists”, “high-powered intellectuals” and “high-rolling industrialists”, it will be relying a lot on its own diaspora to continue to drive it confidently and pertly forward to double digits growth much beyond the stagnant Hindu rate of growth stigma.  Mauritius, a rallying centre among others for the Indian diaspora, hopes to plug to these types of networks to forge with India a new route - call it the IT Highways - where Mauritius and the Indian diaspora will interface the sub-continent via the African continent to other growth centres. We believe that our roadmap to economic prosperity remains the close integration of Mauritius in the global economy and the development of Mauritius as a business and financial hub serving the region and beyond. Mauritius could thus act as a service node linked to a huge network of investment ventures stretching all through East Asia, the Indian sub-continent, Africa and other affluent countries of residence of the Indian diaspora, imposing itself as a packager of investment. There are indeed immense possibilities to encourage outsiders to exploit new investment opportunities and to use other states as platforms for serving the whole bloc.

As most of the countries are successfully integrating into the global economy and are taking measures to attract foreign talents, know-how, ideas, technology and capital, and improve their investment climate, it will open opportunities for pooling resources together to tap the global and regional business, trade and investment networks.

To galvanise resources, special measures should be devised to facilitate the involvement of the Indian diaspora in the investment sector in India.  For example, this may include the setting up of special economic zones exclusively for projects to be set up by NRIs/PIOs where the diaspora could be involved in the development of such zones.

It is also important that NRIs/PIOs promote greater bilateral trade and investment relations between their country of adoption and India.  Mauritius, for example, will shortly sign a comprehensive economic and partnership agreement withy India which aims at promoting greater trade and investment exchanges.  This can serve as a powerful conduit for greater bilateral exchanges for mutual benefits.

         India’s economic clout is beginning to make itself felt on the international stage as the nation retakes the place it held as a global-trade giant and races to become an economic powerhouse.  India is seeing not only a revolution of the economy but also one of the national mindset.  We all share with India the hope that goes with a future full of possibilities for all the nations and the Indian diaspora that choose to hook itself to the powerful Indian wagon of growth in business, trade and investment.

          We believe firmly in the creative energies of the Indian diaspora.  Today’s function is a deep expression of an urge by the PIO as well as the NRI to dialogue and interact and to strengthen further the ties of kinship.  The reverse brain drain from PIOs and NRIs who have made fortunes globally is already happening as witnesses by many new captains of Indian Industry.  We should further promote its propagation through these high level exchanges and conferences.