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India: The incredible investment destination |
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India is the second-fastest-growing major economy in the world. Its key strengths include the strong and stable growth prospects supported by high savings and investment ratios coupled with robust domestic demand, high degree of political stability and strong institutions, deep capital markets, strong and competitive private sector, significant foreign capital inflows and large foreign exchange reserves.
The Government of India has taken a number of initiatives in recent times aimed at attracting higher foreign investment in India. During interactions with various global investors and funds, it came to light that they are not fully aware of the details of the new initiatives taken by the Government. The new liberalized investment norms provide an attractive opportunity for investors, and a great deal of interest has been generated especially by the novel Qualified Foreign Investor (QFI) route.
Given the widespread interest in understanding the requirements and mechanism to access Indian capital markets through the QFI route, especially from large investors, the Ministry of Finance, Government of India, in cooperation with Geojit BNP Paribas Financial Services held a very well attended Investor Conference in Kuwait titled ‘India: The Incredible Investment Destination’ on June 13, 2012, at Hotel J W Marriott, Kuwait City. A high level delegation from Government of India, Ministry of Finance, led by Dr Thomas Mathew, Joint Secretary (Capital Markets), Department of Economic Affairs, participated in the conference with senior representatives from the Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI), Department of Revenue (Tax authorities) and Department of Disinvestments as part of the delegation.
Presence of senior officials from the Government and financial sector regulators who directly addressed the questions and doubts of potential investors, proved to be of great value to the participants. This initiative will go a long way towards building comfort and confidence among the investor community in Kuwait, which has a long-standing economic relationship with India.
A similar conference is being held in the evening on June 13, 2012, at Hotel Crown Plaza, Kuwait, which is being co-hosted by Indian Business Council (IBC), Kuwait, and BBK-Geojit BNP Paribas, to enable the Non-Resident Indian Community in Kuwait to also directly interact with key government and regulatory officials.
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Kuwait
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6/13/2012
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