An article published on Devex on February 5, 2015 profiles the Indian Diaspora Investment Initiative, a partnership between USAID, the Calvert Foundation and several private financial institutions in India, announced by U.S. President Barack Obama.
“The first-of-its-kind initiative seeks to tap the Indian diaspora in the United States — and not just high net-worth individuals, but also retail investors — to help fund development in India.
It’s the first time that USAID has partnered on and helped design this type of initiative; innovative is how the initiative democratizes the investment opportunity, giving investors without huge sums the ability to participate as well.”
You may read the article on the Devex internet site.