Key Facts
Around 30 Non-Resident Indian (NRI) Kannadigas from Gulf countries, Australia, Hungary, the U.S., and Oman gathered in Bengaluru on June 20 to demand a separate Ministry for NRI Affairs from Karnataka Chief Minister D.K. Shivakumar. The delegation also urged the state government to establish a ₹1,000 crore revolving fund to facilitate diaspora investments.
Demand for NRI Affairs Ministry
Ronald Colaco, an NRI entrepreneur based in Dubai, stated that forming a separate ministry for NRI Karnataka Affairs was a 'guarantee' promised by the Congress party in their 2023 manifesto. He noted that three years have passed since the party came to power in the state, and the delegation has requested the Chief Minister to appoint a minister. The group also recommended Arathi Krishna, MLC, who has served as deputy chairperson of NRI Forum Karnataka, for the ministerial post.
Economic Impact of NRIs
According to data presented by the delegates, India received approximately $135.46 billion in remittances in FY25, a 14% growth, making it the world's top recipient. Karnataka accounts for about 8% of India's total inward remittances, ranking fifth nationally after Maharashtra, Kerala, Tamil Nadu, and Telangana. NRIs contribute roughly $10-11 billion annually to Karnataka's economy through family remittances, investments, donations, and property purchases. Over the last decade, cumulative NRI investment in Bengaluru, Mangaluru, Udupi, Mysuru, Hubballi, and Belagavi has exceeded ₹8,000 crore.
Proposed Revolving Fund
The NRIs have urged the state government to establish a ₹1,000 crore revolving fund. Mr. Colaco explained that many successful Kannadigas abroad wish to invest in Karnataka but lack structured support. The fund would provide seed support for diaspora-led investments and could be used for public-private partnerships in infrastructure projects. He emphasized that the fund is not an expenditure but an investment that will generate employment, industrial growth, increase exports, expand the tax base, and attract global capital.
Welfare Fund for Blue-Collar Workers
The delegation also requested a welfare fund to assist overseas Kannadigas, particularly blue-collar workers in the Gulf region, facing emergencies such as medical crises, accidents, or death. They highlighted that other states like Tamil Nadu, Kerala, Telangana, Gujarat, Punjab, and Uttar Pradesh already have dedicated departments or ministries for NRI affairs.
FAQ
Why do NRI Kannadigas want a separate ministry?
They argue that a dedicated ministry can address their concerns more effectively and fulfill a Congress manifesto promise made in 2023.
What is the proposed revolving fund for?
A ₹1,000 crore revolving fund to provide seed support for diaspora-led investments in Karnataka, generating employment and industrial growth.
How much do NRIs contribute to Karnataka's economy?
NRIs contribute approximately $10-11 billion annually through remittances, investments, and property purchases.
Source: www.thehindu.com