Media Release
Kuwait, Feb 9: The first Middle East NRI conference based on the theme 'Beyond Remittance: Can an ordinary NRI save for his retirement' will begin in Kuwait on Thursday February 9 at Hotel Ramada International Reggae.
The event organized by Kuwait Kerala Muslim Association (KKMA) and the Foundation for Enhancing Expatriates Life (FEEL) along with State Bank of Travancore (SBT) would focus and explore different ideas and characteristics of savings products that can facilitate the commitment to save by lower income group of NRIs; and how government can participate in such ventures.
The Beyond Remittance Conference is expected to come up with a set of recommendations to improve the impact of remittances by encouraging saving and investment habits among NRIs. The conference shall help identifying key issues and make appropriate recommendations for action by the government authorities, financial institutions and organizations for developing savings schemes aimed at NRI rehabilitation and retirement income.
The two-day Conference will begin on Thursday with an experts dialogue session participated by financial experts, business executives and social leaders will be conducted to review the role of government, financial institutes and social welfare organizations in fostering financial inclusion of lower income NRIs.
On Friday, the Ambassador of India Satish C Mehta will inaugurate the first ever NRI Conference discussing savings issues of lower income groups of Non Resident Indians. Featuring expert speakers from government, finance and social sectors and 500+ delegates, this is a unique opportunity for social leaders to gain invaluable insights into the financial concerns of ordinary NRIs and explore possibilities to assist them in securing their future.
M M Hasan, former minister for NRI Affairs in Kerala State, Padmashree holders of government of India Dr Azad Moopen and CK Menon, NORKA Roots CEO Noyal Thomas, Managing Director of State Bank of Travancore, Nandakumaran P, SBT’s Chief Manager for International Banking Business Jyothish Kumar, UAE Exchange Company’s chief operating officer Sudhir Shetty, Pramod Mangatta, Global Operations Vice President along with prominent business and community leaders from Kuwait will attend in this Conference.
The experts and prominent personalities from multi fields, such Sunny Mathew , John Mathew Arab Entertech Deputy Chairman, R Kuppanna Kuwait Indian Exchange General Manager, K N Das Lulu Exchange General Manager , Pancily Varkey Country Head UAE Exchange, K P Paulson, Strategic Head Alahli Bank Kuwait, Sala Ahmed Al Salah from Kuwait Inernational Bank, E D Titus Bahain Exchange Company, Rajesh Gairola Al Mulla Exchange Company, Rexy Willams Asset Avenues will present relevant papers at the Conference.
The Beyond Remittance Conference shall also witness dedication of the Foundation Foundation for Enhancing Expatriate Life (FEEL) and also honoring prominent personalities with NRI jewels award for their significant contribution for the welfare of NRIs in the gulf countries.