An investors conference was organized here yesterday under the title of "India - The Incredible Investment Destination" A high level delegation from the Indian Ministry of Finance led by R. Gopalan, Secretary (Economic Affairs) participated in the conference. The delegation was comprised of 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. The Indian Government has taken a number of initiatives in recent times aimed at attracting higher foreign investment in India. The new Indian 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 from the Middle East, a series of investment conferences have been convened across the Gulf region.
