Govt mulls measures to boost strategic foreign investment from 5-year lows

Quick Summary:

They can also raise debt from foreign sources under a separate set of rules which limit the cost and use of loans and bonds raised.

Currently, India's foreign exchange laws do not recognise mezzanine instruments in corporate financing, which are common globally, particularly in large transactions involving mergers and acquisition.

Finance Minister Nirmala Sitharaman last week said India needs $100 billion FDI each year to meet its investment needs, up from $70-$80 billion at present.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Foreign investment Global investors Foreign investment regulation Low foreign investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 16:13:48 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 583 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23337484

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