30.1.12

Foreign investments in Infrastructure

Pitching for foreign investment in the infrastructure sector which needs $1 trillion in the 12th Five Year Plan, finance minister Pranab Mukherjee asked US investors to access the Indian debt market via a mechanism of regulated entities with a sustained long term interest rate.
Meeting business leaders, he assured them that India has evolved a transparent and stable regulatory regime in sectors such as electricity, telecommunications, ports, airports, petroleum and natural gas, and a regulator for the coal sector is on the anvil.
He also said India recently liberalized foreign participation in the debt equity market by allowing foreign investors to invest in Indian equity directly.

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