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2012, May 23
2012, May 23 The Indian government has relaxed rules for foreign investors, allowing them to to invest individually up to five percent of the capital of a local company, reports the Wall Street Journal.
Previously, only foreign institutional investors and non-resident Indians were allowed to directly invest in local shares, notes the Journal.
The move is the latest in a string of measures to restore foreign investor interest in the local economy.
Cumulatively, QFIs can invest up to 10 percent of the capital of the company being invested in, the government said in a statement.
The government has also loosened foreign investment rules in local debt, allowing more foreign capital to flow into its sovereign bonds.
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I think that this is not such a good thing the fact that they are not allowing all the Indians to be part of this. I just hope that in the future the situation will be a little different.
Asigurari de Viata