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US immigration fund to set up offices in Mumbai, Delhi to tap new brand of Indian investors

Mumbai, Oct 6 (UNI) In a strategic move that is aimed at creating a new brand of Indian investors, the US Immigration Fund has decided to set up initial offices in major Indian cities, including both Mumbai and Delhi.
Speaking at a press event here on Thursday, Nicholas A Mastroianni II, the chief executive officer and chairman of the multi-billion dollar US Immigration Fund, said, "India is fast catching up with China in creating investors who believe in expanding businesses overseas."
Mr Mastroianni, who is the co-founder of USIF, believed that India will be a significant country for EB-5 visas given its 1.3 billion population with fairly large and growing middle and upper class that is highly educated and represents a sophisticated demographic.
"Over the last eight years, the usage of EB-5 visas from native Chinese citizens has grown more than 2,000 per cent, accounting for 77 per cent of the 10,000 EB-5 visas issued per year. Given India’s similar demographic profile as China, USIF believes India will be the second largest user of the employment-based Fifth Preference (EB-5) category in just one year," Mr Mastroianni was quoted in a release.
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Muslim voters show neo-confidence, sitting MLA targets Modi

Muslim voters show neo-confidence, sitting MLA targets Modi

04 Dec 2017 | 11:55 AM

Ahmedabad, Dec 4 (UNI) If Gujarat could 'create' Narendra Modi as larger than life politician, the destiny seems to have decided that his native state - considered a political laboratory - would also bring him down
now, says Congress sitting legislator and candidate from Dariapur Gyasuddin Habibuddin Shaikh.

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Bengal Govt to digitise Assembly records

Bengal Govt to digitise Assembly records

04 Dec 2017 | 11:50 AM

Kolkata, Dec 4 (UNI) Chief Minister Mamata Banerjee has recently
announced that the State Government has decided to digitise the
books and records that are there in the library located inside the
Assembly building.

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Three new universities to be set up in Bengal

Three new universities to be set up in Bengal

04 Dec 2017 | 11:45 AM

Kolkata, Dec 4 (UNI) Three Bills have been passed in the West Bengal
Assembly for the creation of three universities – The West Bengal Green
University Bill, The Purba Medinipur University Bill and The Jhargram
University Bill.

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KMC to set up its first day-care school for girls

KMC to set up its first day-care school for girls

04 Dec 2017 | 11:41 AM

Kolkata, Dec 4 (UNI) For the first time, Kolkata Municipal Corporation
(KMC) is going to open a day-care school for girls.

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BJP fields RSS man, plays caste card to wrest key Congress seat

BJP fields RSS man, plays caste card to wrest key Congress seat

04 Dec 2017 | 11:13 AM

Deesa, Gujarat, Dec 4 (UNI) The Banaskantha district in North Gujarat is hardly a BJP forte. Braving strong 'Narendra Modi' wave the district had returned six Congress MLAs out of 9 in state assembly elections in 2012.

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