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Most preferred destination of Tamil diaspora is Singapore

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image source: www.ijassingapore.com

By Sanu George

Thiruvananthapuram: A study has revealed that 410,000 of the 2.2 million Tamil diaspora were residing in Singapore in 2015, hence, Singapore has emerged as the most preferred destination among NRIs from Tamil Nadu.

Coordinated by the Centre for Development Studies (CDS) here, the survey of 20,000 households across Tamil Nadu was commissioned by the Non-Resident Tamils (NRT) Welfare Board under the state’s Commissioner of Rehabilitation.

After Singapore, the largest number of Tamil Nadu diaspora is settled in the Gulf region with both the United Arab Emirates (UAE) and Saudi Arabia accounting for 400,000 and 350,000 people respectively. The US, with 300,000, and Malaysia, with 190,000, are the other top countries that Tamil emigrants preferred.

Speaking to reporters, S. Irudayarajan of the CDS, who coordinated the study, said the Gulf region (the UAE, Saudi Arabia, Qatar, Bahrain, Oman and Kuwait) accounts for 1.1 million Tamil emigrants, half of the total emigrants from Tamil Nadu.

“One difference with the Kerala diaspora is that 2.1 million or 86 percent of Kerala emigrants are in the Gulf. In other words, 50 percent of the Tamil diaspora is in Southeast Asia, the US and other countries, the rest of the 50 percent is in the Middle East,” said Irudayarajan.

The total remittances to Tamil Nadu in 2015 were estimated at Rs.61,843 crore (over $9 billion), while Kerala’s remittances were much higher at Rs.68,000 crore.

At Rs.61,843 crore, this translates to an average per capita remittance of Rs.8,500, given that Tamil Nadu’s population is 72 million.

For Kerala, the per capita remittance was Rs.21,000 in 2014.

According to the study, the remittances to Tamil Nadu are equivalent to 14 percent of the state’s gross domestic product.

The remittances were 6.8 times what the state received from the central government as revenue transfer and 1.8 times the entire government expenditure.

“In other words, 85 percent of the households received remittances for their day-to-day needs. Another major share was used for the child education. About 31 percent of the households deposited the remittances into banks as savings,” Irudayarajan said.

“About seven percent of the households in Tamil Nadu used money for purchasing or building a house,” Irudayarajan said, adding the study report has now been handed over to the Tamil Nadu government.

The study found the emigration is a phenomenon observed throughout Tamil Nadu with Chennai (320,000), Coimbatore (190,000) and Ramanathapuram (140,000) districts with the largest number of emigrants. Theni (13,802), Dharmapuri (14,594) and Nilgiris (5,868) districts are ranked the lowest.

According to the TMS, the return emigrants in Tamil Nadu are estimated to be 1.3 million with 6.1 return emigrants per 100 households. (IANS)

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After India, Elon Musk Criticizes Singapore

Musk later blamed the Foreign Direct Investment (FDI) norms for the delay in Tesla's entry into the Indian market

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Tesla CEO Elon musk, board
Elon Musk showcases SpaceX's Starship test rocket. (VOA)

Beginning his Twitter tirade in New Year, Tesla founder and CEO Elon Musk has criticized Singapore, saying the government there has been “unwelcome” to his electric car plans for the city state.

Responding to one of his follower’s question on why Tesla was not yet in Singapore, Musk tweeted late Thursday: “Government has been unwelcome.”

This is not the first time Musk has complained about Singapore.

Last year, he tweeted that he wants Tesla in Singapore but the government was “not supportive” of electric vehicles.

Responding to another tweet, Musk said: “Singapore has enough area to switch to solar/battery and be energy-independent.”

Not just Singapore, Musk is also critical of the Indian government when it comes to Tesla.

Elon Musk, spacex
Elon Musk. IANS

Musk, who visited China in May in July last year, said he wants to visit India in early 2019 but the country generally makes him feel hopeless due to tough government regulations.

“Would love to be in India. Some challenging government regulations, unfortunately,” Musk tweeted in May.

In a separate tweet later, Musk said he was keen to be in India soon. “Probably early next year.”

Also Read- Honor 10 Lite To Be Launched in India in Mid-January

Musk wanted to bring Tesla to India as early as the summer of 2017 but stringent local sourcing norms derailed his plans.

In 2017, Musk said Tesla’s cars could come to India but there was no further news.

Musk later blamed the Foreign Direct Investment (FDI) norms for the delay in Tesla’s entry into the Indian market. (IANS)