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Telangana CM to establish system to safeguard NRI assets
The Telangana govt is also considering the establishment of a separate board to cater to the welfare needs of overseas migrant laborers.
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Telangana CM at the event organized by the TPCC NRI Cell. / X @revanth_anumula
Chief Minister of the Indian state of Telangana, A Revanth Reddy announced his government’s plans to implement a system aimed at safeguarding the assets of Non-Resident Indians (NRIs) who migrate to countries such as the USA and the Gulf.
Addressing a gathering organized by the Telangana Pradesh Congress Committee or (TPCC) NRI Cell in Hyderabad, the Chief Minister Revanth Reddy revealed that government intends to offer assistance to the elderly parents of NRIs by charging a nominal fee.
Hon'ble CM Sri.A.Revanth Reddy at Hotel Taj Deccan, Hyderabad. https://t.co/M7B6sCcqh8
— Revanth Reddy (@revanth_anumula) April 16, 2024
He also revealed that the state government is considering the establishment of the 'Telangana Gulf and Other Overseas Board' within the premises of Mahatma Jyothiba Phule Praja Bhavan. The board will cater to the welfare needs of overseas migrant laborers.
Reddy highlighted that V Sheshadri, the chief minister’s secretary, brings six years of experience in managing foreign affairs during the tenures of both Manmohan Singh and Narendra Modi. Under Sheshadri's guidance, a policy document has been prepared by studying the policies implemented for NRIs by states like Kerala and countries like the Philippines.
The CM mentioned that the Philippines has been successfully implementing a robust policy that involves registering employment, employees, and all other pertinent details, along with engaging in state-to-state dealings with Gulf countries. Inspired by this, he announced plans to implement a similar policy by Sep. 17.
This policy aims to maintain comprehensive records of migrant workers, provide them with assistance and training, issue licenses to agents, offer life insurance, and safeguard their assets. Additionally, he disclosed that a senior IAS officer would be appointed to lead the overseas board, ensuring effective management of issues at all levels.
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