Seanad debates

Thursday, 9 February 2012

Immigrant Investor Programme and Start-Up Entrepreneur Scheme: Statements

 

2:00 pm

Photo of Jimmy HarteJimmy Harte (Labour)

As has been noted, this is an innovative scheme. In my area in Donegal I work with members of the Indian community who are involved in the software business with a large international company. Many of those people have contacts within India and I am sure some of those people would love to come to live in Ireland. The education system, particularly relating to computers and software, is ten or 15 years ahead of our system, and we could have people from that setting up businesses in Ireland. Many Indian people living in Ireland come from the Kerala region, which is noted for its health care professionals.

I am currently dealing with a local company in Donegal that wants to develop a medical product, and its only avenue is through India. It needs Indian investment to bring the product to the next level, and we have spoken to Enterprise Ireland and the Minister. This will open up an opportunity for these people to go to India with their package and ask for investment in a product that could be manufactured in Ireland and sold worldwide. The finance aspect is important, and I look forward to bringing this news so they can have the potential to develop their product, which could bring jobs to Donegal.

The Minister indicated that sporting endowments might be considered. Does that mean Finn Harps could get a millionaire from India to invest in it?

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