Processing .....please wait.. 
The article has been forwarded.... 
Issue Infrastructure Bonds For NRIs: Indian American Forum
NEW DELHI: The U.S. India Political Action Committee (USINPAC), a forum of the Indian American community in the U.S., has urged the Narendra Modi government to issue infrastructure bonds for the NRI community.
Suggesting that these bonds be named "Vibrant India Bonds" in order to leverage the brand awareness of "vibrant India", the USINPAC said the bonds will help India tap the goodwill of the global Indian diaspora.
A press release said USINPAC chairman Sanjay Puri said India will need about $1.5 trillion over the next five years to finance its infrastructure needs.
"Since infrastructure projects are generally structured in a debt equity ratio of 70:30, it implies that India would need over $1 trillion of debt funding over the next five years. This is the right time to tap the intangible goodwill of the Indian diaspora by issuing these bonds specially targeted at the diaspora," he said.
The release said the USINPAC was working with members of the U.S. Congress to build momentum for an address by Prime Minister Modi to the joint Session of the U.S. Congress during his visit to the country in September.
Read More: Indian-American Boy to Play Mowgli in Disney's 'Jungle Book'
Source: IANS
