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Immigrants from India spread business success to homeland
Excerpt: Bhatia and many thousands of Indian immigrants with strong ties to the USA and India are storming back to their ancestral homeland to cultivate business and cut deals. With 1 billion people, a rising wave of consumers and annual economic growth of 8% since 2004, India is the world’s most promising economy after China....
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- migrants
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Helping Immigrants Better Help those they Left Behind
"The motive of immigrants is to come here, get a job and to work hard and send money back home to support their family"- Atsumasa Tochisako, the chief executive of Microfinance International CorporationThe New York Times quoted Mr. Tochisako in the article “Entrepreneurs Cater...
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- Uncategorized
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- migrants
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UN postal agency unveils plan for migrants to send money back home electronically
Migrant workers around the world will soon be able to send money back home by efficient and reliable electronic transfers, eliminating the paper and manual work now involved with traditional postal money orders, under a joint project announced today by the United Nations postal agency. ?There is a strong trend for overseas workers to send part of their earnings home to their families, but the market response to this issue has so far been inadequate,? Universal Postal Union (UPU) Director-G...
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- UN News Centre
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- migrants
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Help Migrants Wire Home Hope
African states could work closely with the private sector to modernise their weak financial service infrastructure, especially banking sector technology. This is crucial not only to improving access to formal banking channels in sending and receiving countries, but also to bringing a significant portion of remittance receipts into the financial system. State actions against money laundering and against funds suspected of financing terrorism have had a marked effect on remittances funnelled throu...
- Source
- Business Day (Johannesburg)
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- migrants
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