“The Chennai FIC office will work directly with various embassies in Delhi and bring opportunities to places such as Chennai, Bangalore and Hyderabad,” said Dr. D. Sarvanan, the newly-appointed Chairman of the Foreign Investors Council (FIC)in South India. “There is no mechanism in India for serving individual small and mid-size foreign investors in India, and FIC will hand-hold the small investors from Japan, Denmark, Sweden et al to identify smaller projects and create capital base for local Indian people that may help generate employment for smaller groups. Many pension funds from individuals are indeed looking at opportunities, and there is no agency that can help them. FIC is now keen to handhold such foreign investors.
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