From the agreements signed during the visits of foreign dignitaries to India and Indian dignitaries to foreign countries it appears that Indian Embassies and High Commissions should focus among others on the following, which apart from establishing Indian visibility, would help generate foreign exchange for the country and enhance the image of the country.
i, opportunities for Indian Banks to set up branches in foreign countries
ii. opportunities for Indian insurance companies to set up branches
iii. opportunities for setting up educational institutes, including IT, Medical
iv. opportunities for Indian hospitals to set up branches
v. opportunities for Indian companies for management of sick companies.
vi. opportunities for Indian companies to invest
vii. opportunities for India to buy/lease agricultural land
viii. opportunities for Indian establishments to set up hotels, Indian Restuarants
The above are not new items of work for the Embassies/High Commissions. Such opportunities have in the past been explored in countries like Vietnam, Guyana, Suriname, Trinidad & Tobago, Malaysia etc.
Number of outbound Indian tourists is nearly twice that of number of inbound tourists to India. Considering the vast potential for increasing tourist flow to India, the Embassies should put the foreign outbound tour operators in touch with Indian inbound tour operators. Embassies themselves should increase their interaction with local outbound tour operators. India’s tourist offices abroad should be part of the embassies
Similarly, considering the fact that India’s imports are much higher than exports, Embassies should concentrate on generating local enquiries for Indian exports by regularly writing to local importers of various products they could import from India as well as by organizing catalogue exhibitions, buyer-seller meets.