Eminent Indian Americans commit $100 million for development of Amritsar

A group of eminent Indian-Americans have come together to announce a commitment of USD100 million for startups towards the socio-economic development of Amritsar, the first of its kind initiative for any Indian city by the diaspora. In collaboration with the Federation of Indian Chamber of Commerce and Industries (FICCI) and the US-India Strategic Partnership Forum (USISPF), a group of eminent Indian-Americans and Indians living in the US had their first meeting in a Maryland suburb of Washington DC to announce the formation of Viksit Amritsar Initiative. The mega initiative, its founding members said, is inspired by former Indian envoy to the US, Taranjit Singh Sandhu, who after an illustrious diplomatic service, including the last four years in Washington DC, has returned to his home town with the mission of helping the city develop as one of the best in the world both in terms of economic and industrial growth but also as an attractive tourist destination from across the ...