CM Nara Chandrababu Naidu led AP government has initiated an ambitious new entity, Non Resident Telugu Inc (NRT), with an aim to collect $1.3 billion investments within a year from the Telugu speaking NRI diaspora. Through this initiative, the government also plans to make the Telugu NRIs part of AP’s development through investments.
The NRT is an independent corporation which aims to group the Telugu diaspora on a single platform. The state government will be tapping nearly 1 million Telugu families living across the world, and encourage them to donate $1,300 more to the already existing amount of $5,000 each year, making it 10,000 crore.
The NRT will provide these Telugu families an investment platform and supports those who look for assistance from the government. NRT authorities reveal that majority of the families are willing to offer money, but they are asking for transparency in the system.
CM Chandrababu believes that “NRTs are natural extension and integral part of the Teluguites and the government is responsible for their empowerment, welfare and growth.
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