India’s finance ministry is working on an elaborate plan to attract portfolio investments from Gulf nationals and institutions as part of the government’s recent decision to allow qualified foreign investors (QFIs) to invest in Indian capital markets, said R. Gopalan, secretary of economic affairs at the Ministry of Finance.
Speaking to Gulf News during an interview ahead of a roadshow in Dubai to promote India as an attractive investment destination to Gulf nationals and institutions, Gopalan said the recent changes in investment rules have made investing in Indian capital markets easy for foreign nationals.
In a major policy decision, the Indian government announced in January that QFIs could directly invest in Indian equities. In its latest budget, the government also proposed to open the Indian corporate debt market to QFIs.
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