Aiming to attract investment from foreign retail investors in equity and bond markets, the Finance Ministry will organise roadshows in five Gulf nations, including Kuwait and the UAE next month.
“We will organise roadshows from June 10-15 in five Gulf countries – Bahrain, Oman, Kuwait, the UAE and Saudi Arabia – to attract Qualified Foreign Investors (QFI) in the securities market,” a senior Finance Ministry official said.
A QFI is an individual, group or association resident in a foreign country that is compliant with Financial Action Task Force (FATF) standards. QFIs do not include FIIs/sub-accounts.
“We are discussing many things to encourage more capital flows. We are looking at various things as to how to implement budget announcements for QFIs, FIIs,” the official added.
The official further said that the Ministry is working on measures for attracting foreign investment into corporate bonds. Also the FII limits set for investment into these instruments were almost exhausted in the last fiscal.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.