NRIs Investing In India Should Be Given Dual Citizenship, Says Industrialist Lord Swraj Paul

He stated that many of the top universities are extremely keen to forge links with India.

"The two universities of which I am Chancellor -- the University of Wolverhampton and the University of Westminster -- have been working with India to set up new programmes and opportunities for our young people. Both the rewards and the reciprocity have been very encouraging," he said.

"Such initiatives must be vigorously advanced. I feel strongly that only by providing top class education can a nation build a sustainable future. We need to draw on every resource to accomplish this," Paul said.

"As someone who has been in the manufacturing business for a long time, I am glad the Prime Minister is concerned that manufacturing business has been leaving India in the past four years. He is committed to its return and has asked businesses that were thinking of moving out to stay and prosper under his new regime," he said.

Paul called for help to provide stable manufacturing base which will give jobs to young people.

"Let us manufacture and invest in the goods that India needs and can also export to other nations - things like ecologically sound low cost construction, low cost vehicles, solar energy, clean biological sanitation and water management systems," he said.

Stating that "we are now at a turning point in modern India history," Paul said, "if we make the best use of the present opportunities, we will achieve what I know everyone in this room wants -- India that is good for its people, good for the global Indian community and good for the world."