Financial services company Geojit BNP Paribas Thursday launched its Qualified Foreign Investors (QFI) Investment service to attract cash-rich Arab investors to Indian stock markets.
As a qualified depository participant (QDP) approved by the market regulator, SEBI, across the two depositories CDSL and NSDL, the company will cater to the investment needs of foreign investors through its network of joint ventures in UAE, Saudi Arabia, Oman, Kuwait and Bahrain.
Managing director C.J. George said the Indian economy, seen in the context of the global financial turmoil, offered tremendous long-term investment opportunities to foreign investors who are looking for diversifying their investment portfolios.
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