"To me, FDI means First Develop India through Foreign Direct Investment, whose norms have been fully liberalised for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) and made on par with domestic firms for availing same benefits," PM Modi said at the 14th Pravasi Bharatiya Divas (Non-Resident Indian Day) in Bengaluru.
Inaugurating the three-day mega event, PM Modi exhorted the diaspora to participate in the government's flagship programmes like Digital India, Make In India, Start-up India, Swachh Bharat (Clean India) and Namami Gange (Clean Ganga) for the country's all-round development.
"The diaspora can contribute to India by sparing their time and energy on implementing our flagship programmes and stay connected," said PM Modi in his 40-minute address in Hindi and English.
"Brain drain has been considered a loss for the country as Indians went abroad seeking jobs and better life. But for me and my government, such a movement is not a brain drain but brain gain as they can help us in the development," added PM Modi.
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