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Chennai, Jan 8 Indians living abroad send home a lot of money—it was $ 27 billion in 2007. But where does most of the money go? This was a concern raised by the Union Minister of State for Industry, Dr Ashwani Kumar, and some other speakers, at the Pravasi Bharatiya Divas 2009, a conference of global Indians.

Speaking at a session on ‘Building Bridges – Trade and Investments’, Dr Kumar observed that only a small portion of the remittances goes into investments into productive assets.

Mr Gopinath Pillai, Ambassador-at-Large, Singapore, and Chairman, Institute of South Asian Studies, Singapore, said that Indian diaspora invested much less in its mother country than did the Chinese diaspora.

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